BP Sells 5% Stake in Aker BP at 12% Discount
BP sold a 5% stake in Aker BP at 311 Norwegian kroner per share, a 12% discount to Aker BP’s Wednesday closing price of 354 kroner. Citi analysts called the sale sensible and said it could lead to a full exit.
BP's sale of shares in Aker BP is a sensible move and could lead to a full exit, Citi analysts write. The London-listed oil major sold a 5% stake in the Norwegian company at 311 Norwegian kroner, a 12% discount to Aker BP's closing price of 354 kroner on Wednesday. BP owns 68.7 million shares in th…