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Norway's Aker BP falls after BP sells 5% stake

By Reuters News15 hours ago Updated

** Shares in Aker BP AKRBP.OL fall around 11% to NOK 315, on track for their worst day since March 2020, after BP BP.L sold a 5% stake in the Norwegian oil and gas producer

** BP sold 31.6 million shares in Aker BP at a price of NOK 311 per share, raising gross proceeds of about NOK 9.83 billion ($1.06 billion)

** It will continue to hold 68.7 million shares in Aker BP, about 10.9% of outstanding shares

** Aker BP is the second worst performer on the pan-European STOXX 600 index .STOXX

($1 = 9.3035 Norwegian crowns)

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