USD 63.9542

-0.06

EUR 71.1299

+0.23

BRENT 59.29

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AI-92 42.27

0

AI-95 46.03

0

AI-98 51.79

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Diesel 46.19

+0.03

14

Statoil To Merge with Hydro?

Statoil ASA said it intends to implement the merger with Norsk Hydro ASA's petroleum business on October 1

Statoil ASA said it intends to implement the merger with Norsk Hydro ASA's petroleum business on October 1, 2007. The company also expects to complete the merger before the opening of the markets in Oslo on October 1, 2007.

One share in Norsk Hydro ASA entitles the shareholder to 0.8622 shares in StatoilHydro ASA. Each Norsk Hydro ASA shareholder would receive Statoil shares based on their shareholder holdings registered at the Norwegian Central Securities Depository on October 3, 2007. After the completion of the merger, the company's name will change to StatoilHydro ASA.