Secondary Placement of Existing Shares Completed by Bluenord ASA

Bluenord ASA, an independent oil and gas operator listed on the Oslo Børs, has announced the successful completion of a secondary placement of its existing shares. The transaction was reported by multiple financial news outlets on 9 October 2025, including live.euronext.com and marketscreener.com.

Details of the Placement

  • Nature of the Placement: The placement involved the sale of shares already held by existing shareholders, rather than new equity issuance.
  • Completion: The placement was finalized on 9 October 2025, with the share transfer and payment confirmed by the company’s corporate affairs office.
  • Regulatory Notification: Bluenord complied with the requirements of the Oslo Børs and the Norwegian regulatory framework by filing a major shareholding notification following the completion of the placement. The notification is publicly available through the exchange’s disclosure system.

Market Reaction

  • Share Price Movement: On 7 October 2025, the closing price of Bluenord shares was NOK 467. Following the announcement, the stock experienced a decline as reported by investing.com, noting that shareholders sold 1 million shares at a discount.
  • Trading Volume: The volume spike associated with the sale contributed to the price drop observed in the immediate aftermath of the placement announcement.

Analyst Coverage

  • Rating Adjustments: Norwegian investment bank DNB Carnegie reduced its target price for Bluenord shares to NOK 500 from a prior expectation of NOK 530, while maintaining a “hold” recommendation. The adjustment reflects the market’s assessment of the dilution impact and the overall valuation of the company’s hydrocarbon assets.

Company Context

Bluenord ASA operates in the oil and gas sector, focusing on exploration, development, and production of hydrocarbon resources in the Norwegian, Danish, and United Kingdom continental shelf areas. Established in 2005 and headquartered in Oslo, the company’s market capitalization stands at approximately 12.24 billion NOK. Its share price has fluctuated between a 52‑week low of NOK 436 (15 September 2025) and a 52‑week high of NOK 709 (14 January 2025).

The secondary placement is part of Bluenord’s strategy to raise capital while providing liquidity to existing shareholders. The proceeds and the associated share dilution are expected to be reflected in future financial statements and may influence the company’s operational and investment plans in the coming fiscal period.