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Successful sale of Aker BP shares

Release date:
11 November 2021

Following the announcement on 10 November 2021 regarding a possible block sale of shares in Aker BP, bp and Aker today confirm that they successfully sold 18,010,000 Aker BP shares, representing a combined approximate 5% of shares in the company, at a price of NOK 310 a share.

bp sold 7,718,571 shares, representing an approximate 2.1% stake in Aker BP, for a total of NOK 2.39 billion. 

Following the sale, bp now holds an approximate 27.85% interest in Aker BP, Aker 37.14% and the free float of the company has increased to 35%. bp and Aker have entered into a 6-month lock-up for their remaining shares in Aker BP, subject to certain exemptions.

J.P. Morgan and Pareto Securities acted as Joint Global Coordinators, and Joint Bookrunners with DNB Markets, a part of DNB Bank ASA, Goldman Sachs International and Morgan Stanley & Co. International plc in the sale. Advokatfirmaet BAHR AS acted as Norwegian legal advisers. 

Further information

Contact details


bp press office, London: +44 (0)7831 095541, bppress@bp.com

Cautionary statement


In order to utilize the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act ‎of 1995 (the 'PSLRA'), bp is providing the following cautionary statement. This press release contains ‎certain forward-looking statements – that is, statements related to future, not past events and ‎circumstances – which may relate to one or more of the financial conditions, results of operations and ‎businesses of bp and certain of the plans and objectives of bp with respect to these items. These ‎statements are generally, but not always, identified by the use of words such as 'will', 'expects', 'is ‎expected to', 'aims', 'should', 'may', 'objective', 'is likely to', 'intends', 'believes', 'anticipates', 'plans', ‎‎'we see' or similar expressions. In particular, among other statements, statements relating to bp’s balance sheet, ongoing buyback commitment and divestment programme including plans and expectations with respect to the completion of transactions ‎and the timing of receipt of divestment and other proceeds. By their nature, forward-looking statements involve risk ‎and uncertainty because they relate to events and depend on circumstances that will or may occur in the ‎future and are outside the control of bp. Actual results may differ from those expressed in such ‎statements, depending on a variety of factors including the risk factors set forth in our most recent Annual ‎Report and Form 20-F under "Risk factors" and in any of our more recent public reports.‎Our most recent Annual Report and Form 20-F and other period filings are available on our website at ‎www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at ‎www.sec.gov.