02:36 AM EST, 11/05/2026 (MT Newswires) -- BP (BP.L) completed the sale of a 5% stake in Aker BP (AKRBP.OL) via an accelerated bookbuilding process, raising 9.83 billion Norwegian kroner. The oil and gas company sold 31,602,000 shares at 311 kroner each, reducing its stake in Aker BP to 10.9%, according to Thursday filings. Following the sale, BP raised its forecast for divestment and other proceeds in full-year 2026 to $9 billion from $8 billion previously. The company intends to use the proceeds to strengthen its balance sheet. Barclays acted as sole global coordinator and bookrunner, while DNB Carnegie served as co-bookrunner for the sale.

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