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Oil firm Okea plans to raise $100 mln in Oslo IPO

OSLO, May 10 (Reuters) - Norwegian oil company Okea ASA will apply for a listing at the Oslo Stock Exchange and expects its shares to start trading by late June, the company said in a statement on Friday.

The company plans to raise about $100 million in the initial public offering (IPO) in order to finance further expansion, while existing shareholders may sell some of their current stakes, Okea ASA said.

Okea, which is partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital, earlier this week said an IPO was expected by mid-2019. (Reporting by Terje Solsvik, Editing by Sherry Jacob-Phillips)