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DNO — DNO ASA News Story

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Brief: DNO Divests Côte D’Ivoire Business, Streamlines Portfolio And Realizes Strong Returns

BRIEF-DNO Divests Côte D’Ivoire Business, Streamlines Portfolio And Realizes Strong Returns

- Dno ASA DNO.OL:

  • REG-DNO DIVESTS CÔTE D’IVOIRE BUSINESS, STREAMLINES PORTFOLIO AND REALIZES STRONG RETURNS

  • DNO ASA - TOTAL CONSIDERATION AMOUNTS TO USD 86.5 MILLION, COMPRISING USD 65.1 MILLION IN CASH AND BALANCE IN 7,000,000 PANORO SHARES TO BE ISSUED

  • DNO ASA - ESTIMATES AN ANNUALIZED RETURN (IRR) OF APPROXIMATELY 24 PERCENT ON ITS INVESTMENT SINCE ENTERING CÔTE D'IVOIRE IN OCTOBER 2022

Source text: ID:nGNEfK81L

Further company coverage: DNO.OL


((Reuters.Briefs@thomsonreuters.com;))

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