Welcome to our dedicated page for Lundin Energy Ab news (Ticker: LNEGY), a resource for investors and traders seeking the latest updates and insights on Lundin Energy Ab stock.
Orrön Energy AB (LNEGY) reports developments in renewable power generation, project sales, and greenfield energy development. The company is an independent, publicly listed renewable energy business within the Lundin Group of Companies, with cash-flow-generating assets in the Nordics and growth opportunities in the Nordics, the UK, Germany, and France.
Recurring updates cover proportionate power generation, realised electricity prices, solar project disposals, grid connections, municipal approvals, and battery or solar development milestones. Company news also includes annual and quarterly financial reports, shareholder meetings, dividend resolutions, board remuneration, ESG metrics, EU Taxonomy alignment, and other governance matters.
Lundin Energy has announced a fourth quarterly dividend installment of USD 0.45 per share, translating to SEK 4.09 per share. The total dividend amounts to MSEK 1,164, approximately MUSD 128. The ex-dividend date is set for January 4, 2022, with a record date of January 5, 2022, and expected payment on January 11, 2022. This dividend follows the previous resolution of USD 1.80 for 2020, disbursed in quarterly installments. The exchange rate used for conversion is 9.0788.
Lundin Energy has announced a merger proposal with AkerBP to create a leading European independent E&P company. Shareholders will receive cash of BUSD 2.22 (approx. SEK 71.0) and 271,910,019 AkerBP shares (0.950985 shares per Lundin Energy share), valuing shares at approximately 279.3 SEK at the close of December 20, 2021. Post-merger, Lundin Energy shareholders will own 43% of AkerBP. The merger is subject to approvals and aims to leverage operational synergies, enhance dividends, and focus on low carbon emissions.
Lundin Energy has successfully completed its acquisition of an additional 25 percent working interest in the Wisting development from OMV (Norge) AS for USD 320 million. This transaction boosts Lundin's stake from 10 percent to 35 percent and adds approximately 130 million barrels of oil equivalent (MMboe) in fully appraised contingent resources. The company has also established a cooperation agreement with Equinor ASA to enhance operational efficiency and establish Lundin as the operator for surrounding exploration licenses.