DNO, RAK OK Merger of Local Units

摘要

DNO International has agreed to merge RAK Petroleum's oil and gas operating companies into DNO, according to Dow Jones News-wires. Under the proposed deal with UAE-based RAK, DNO will issue RAK Petroleum shares at NKr 9.50/share, valuing DNO at $1.64-billion, against a value of the RAK Petroleum assets of $250-million.