DNO could become ‘more dominant’ North Sea player with Faroe takeover

© SuppliedDNO has been successful in gaining control of Faroe Petroleum.
DNO has been successful in gaining control of Faroe Petroleum.

DNO could become a “more dominant player” in the North Sea with its takeover of Faroe Petroleum, according to an analyst.

Faroe’s board  yesterday conceded defeat in a long-running takeover battle and advised shareholders to accept DNO’s bid.

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