Statoil: Merger plan signed by the boards of directors

The boards of directors of Statoil and Hydro have now signed the final plan for the demerger of Hydro as part of the merger between Hydro’s petroleum division and Statoil ASA.

Hydro’s shareholders will own 32.7% and Statoil’s shareholders will own 67.3% of the merged company. As recompense for the transfer of Hydro’s petroleum division, Hydro’s shareholders will receive a 0.8622 share in the merged company for every share they own in Hydro.