Statoil IPO three times subscribed

Norway's oil ministry said it has received orders at the mid range for three times the supply of Statoil shares being offered…

Norway's oil ministry said it has received orders at the mid range for three times the supply of Statoil shares being offered under an IPO.

The company is floating 15-20 per cent of its share capital within a price range of 66 to 76 Norwegian krone (euro 8.2 to 9.5)

The subscription period ends today at 5.00 p.m.

The company has a network of over 300 sites in the Republic.