BP explores sale of approximately 5% stake in Aker BP
BP•BP is exploring a sale of approximately 5% of Aker BP’s outstanding shares through accelerated bookbuilding. It holds 100,302,878 shares, or approximately 15.9%, and may sell fewer shares or none.
1. Proposed share sale
BP is exploring a block sale of approximately 5% of Aker BP’s outstanding shares through accelerated bookbuilding. BP currently holds 100,302,878 shares, representing approximately 15.9%, but may sell fewer shares or none.
2. Timing and terms
Pricing and allocation are expected before 09:00 CET on November 5, 2026, with settlement on a T+2 delivery-versus-payment basis. Any remaining shares will be subject to a 90-day lock-up after completion, with customary exemptions. Barclays is sole global coordinator and bookrunner, and DNB Carnegie is co-bookrunner.
