Norway's BW Offshore raises stake in takeover target APL to 25 pct
Norwegian oilfield services group BW Offshore Ltd said on Wednesday that it had raised its stake in takeover target APL ASA to 24.9 pct, furthering the process of the Norwegian oil sector's consolidation. BW Offshore said it had bought 6.5 mln shares in APL, an offshore oil production systems developer, corresponding to about 14.8 pct of APL. BW Offshore said it had previously agreed to recommend to a merger of the two companies to…

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Jarle Petterson <jp