Nordic Business Report-August 1, 2006-Lundin Petroleum AB completes acquisition of Valkyries Petroleum Corporation
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The Swedish oil company Lundin Petroleum AB said on Tuesday (1 August) that it has completed its previously announced acquisition of Canadian company Valkyries Petroleum Corporation.
Lundin Petroleum is paying 55.8m new shares of Lundin Petroleum for 55.8m common shares of Valkyries Petroleum. In addition Lundin Petroleum is issuing a further 1.8m new shares to the previous holder of Valkyries Petroleum's interest in the Caspian Field and to cover incentive stock options granted by Valkyries Petroleum.
Lundin Petroleum's share price stood at SEK88.50m on 31 July.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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