Lundin Energy Reportedly Considering Sale or Merger

Responding to what it called market rumors, Lundin Energy said it “continuously engages” in opportunities and discussions that could be of value to its owners.

Reuters

Swedish oil and gas company Lundin Energy is considering a potential sale, Bloomberg News reported on Nov. 29, citing unnamed sources.

Lundin, which has a market value of about $10 billion, is studying strategic alternatives that could also include a merger or asset disposals, the report said.

Responding to what it called market rumors, Lundin said it “continuously engages” in opportunities and discussions that could be of value to its owners.

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