BBSRF - Lundin Energy exploring potential $10B sale - Bloomberg

Lundin Energy (OTCPK:LNDNF) is exploring strategic alternatives including a potential sale that could rank as one of the largest European oil and gas deals in years, Bloomberg reports. Lundin shares have climbed nearly 50% YTD in Stockholm, giving the company a market cap of ~93B kronor ($10.2B). An investment vehicle controlled by Lundin family trusts is the company's biggest shareholder with a 33% stake, according to Bloomberg, and a sale would help the owners get out of their largest oil and gas holding while maintaining interests in copper producer Lundin Mining (OTCPK:LUNMF), precious metal miner Lundin Gold (OTCPK:FTMNF) and gold developer Bluestone Resources (OTCQB:BBSRF). Lundin Energy has "a lot of large potentially very profitable projects that should ensure continuing rapid production growth," Long Player writes in a bullish analysis published on Seeking Alpha.

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Lundin Energy exploring potential $10B sale - Bloomberg