Noreco announces that the Dvalin PDO has received approval by the authorities


Oslo, 22 March 2017: Reference is made to previous announcements regarding the Dvalin (formerly known as Zidane) contingent payment. 

Norwegian authorities have now approved the Dvalin PDO and Noreco is due payment from OMV according to the agreement. The payment of USD 14.32 million is due by the end of April, 2017. This means that NOR06 bondholders will receive approximately NOK 36.5 million according to the amended bondholder agreement of March 16, 2016.


Silje Augustson, CEO. Tel.: +47 215 15 707