Company News 

DNO lays siege to Faroe Petroleum

DNO lays siege to Faroe Petroleum

Until April, Faroe Petroleum (FPM) had little to do with DNO (Nor:DNO) beyond the oil and gas groups’ shared interest in two North Sea exploration fields. Almost five months on from DNO's minority acquisition, and the Aim 100 stalwart is readying for a fight. Last week, after DNO asked for its executive chairman, Bijan Mossavar-Rahmani, to join Faroe’s board, Faroe warned shareholders that the Oslo-headquartered group could be about to launch a takeover of the business without paying a sufficient control premium.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now