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Swedish family trust's oil company may be up for sale

A sale of Lundin Energy would help its family owners get out of their largest oil and gas holding at a time when the industry's future is increasingly fraught.

Lundin Energy is the operator of the Edvard Grieg oil field on the Norwegian continental shelf. | Photo: PR Lundin Energy.

Nordic oil producer Lundin Energy AB, whose biggest shareholder is an investment vehicle controlled by Lundin family trusts, is exploring a potential sale that could rank as one of the largest European oil and gas deals in years, Bloomberg reports.

Lundin Energy is working with an adviser to study strategic alternatives, people with knowledge of the matter say, asking not to be identified because the information is private.

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