Cairn Energy has agreed to sell its entire share capital of its wholly owned unit Capricorn Norge to Solveig Gas Norway for US $100m plus work- ing capital adjustments on completion. Solveig is one of the largest owners in Gassled, the Norwegian infrastructure system which processes and transports Norwegian gas to the UK and Continental Europe. In addition to its existing 15.56% stake in Gassled, Solveig has recently acquired 13.3% of Polarled and 10% of the Duva field, with these two deals expected to be completed in December 2019.
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