Petrogrand AB (publ) (OM:PETRO) sold its 25.2% stake in Shelton Petroleum AB (publ) (OM:SHEL B) on April 8, 2015. Pursuant to th etransaction, Petrogrand does not directly or through subsidiaries hold any shares in Shelton Petroleum. Mangold Fondkommission AB acted as financial advisor for Petrogrand AB.

Petrogrand AB (publ) (OM:PETRO) completed the sale of 25.2% stake in Shelton Petroleum AB (publ) (OM:SHEL B) on April 8, 2015.

Petrogrand AB (publ) (OM:PETRO) cancelled the sale of its 25.2% stake in Shelton Petroleum AB (publ) (OM:SHEL B) on April 16, 2015. Petrogrand reversed the deal to sell its stake in Shelton Petroleum. As a result thereof, Petrogrand now indirectly through subsidiaries holds 4.7 million B shares in Shelton.