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OSLO OncoSil Medical Ltd

0.002
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 20 minutes
Share Name Share Symbol Market Type
OncoSil Medical Ltd ASX:OSLO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.002 0.001 0.002 0.002 0.002 0.002 11,240,026 01:00:00

Statoil Starts Process To List Energy And Retail Business

18/03/2010 6:40am

Dow Jones News


OncoSil Medical (ASX:OSLO)
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   DOW JONES NEWSWIRES 

Statoil said late Wednesday its board of directors has decided to start a process to list its energy and retail business on the Oslo Stock Exchange.

 
   MAIN FACTS: 

-Further to the announcement made on Feb. 3 2010, Statoil has approved the proposal to create a stand-alone Energy & Retail (E&R) business through an initial public offering (IPO) on the Oslo Stock Exchange.

-The IPO will take place at the earliest in 4Q 2010 or at a time when the capital market is deemed favourable for such an offering.

-Statoil intends to remain a majority shareholder of E&R at the time of the initial public offering and listing.

-The size and time horizon of Statoil's future ownership in E&R will be tailored to support and develop company value both for E&R and for the Statoil Group.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com

 
 

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