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RAK Petroleum

DNO Shareholder seeks to block RAK takeover

A disgruntled shareholder group has sought a court injunction to block Norwegian oil company DNO's takeover of Emirates-based RAK Petroleum, a legal manoeuvre analysts said had little chance of success.

December 12, 2011 1:27
 

DNO shareholders back merger with RAK

Norwegian-Dubai tie-up approved by 76 percent of voting shares; "Strong endorsement", says man who chairs both companies; Deal likely to close in January; DNO shares rise 2.13 percent as Oslo bourse plunges

November 2, 2011 11:57