There is no plan to sell a stake in Svenska Petroleum Exploration AB, owner Mohammed Hussein Al- Amoudi told the Saudi newspaper al-Eqtisadiah.
Svenska is expanding its activities and has received many offers and requests from investors to participate; none of these has been accepted or even studied seriously, al-Amoudi told the newspaper.
On March 25, the Financial Times cited Chief Executive Officer Fredrik Ohrn as saying the company was up for sale and might fetch $2 billion.
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