Freshfields advises bp on its partial sell-down in Aker BP

Global law firm Freshfields advised bp on the partial sell-down of its stake in Aker BP, the leading independent Norwegian oil and gas producer. The sale represented approximately 5% of the outstanding shares in Aker BP, raising gross proceeds for bp of approximately $1.06bn. The transaction was one of the largest of its kind in Europe in 2026.

The Freshfields team was led by partner Egor Marisin and associate David Timofanovici, with US law advice provided by counsel Ethan Magid and additional support provided by partners Julian Long and Doug Smith.