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Akastor — Investor Relations & Filings

Ticker · AKAST ISIN · NO0010215684 LEI · 5967007LIEEXZXIX5468 OL Financial and insurance activities
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Filings indexed 820 across all filing types
Latest filing 2018-06-19 M&A Activity
Country NO Norway
Listing OL AKAST

About Akastor

https://akastor.com/

Akastor is an oil-services investment company with a portfolio of industrial and financial holdings. The company operates with a flexible mandate for active ownership and long-term value creation, aiming to maximize the potential of its investments. Its core strategy involves exercising strategic oversight and active management to develop its portfolio companies, which are primarily focused on the oilfield services sector.

Recent filings

Filing Released Lang Actions
Akastor ASA: AKOFS Offshore signs contract with Equinor
M&A Activity Classification · 1% confidence The document is a short announcement dated June 19, 2018, detailing the signing of a contract between AKOFS Offshore (owned by Akastor ASA) and Equinor for well intervention services. It references a previous Letter of Intent and provides key commercial terms (value, duration, commencement). This type of announcement, concerning a significant business agreement or contract award that is not a standard periodic financial report (like 10-K or IR) or a management change, typically falls under general regulatory announcements or corporate actions. Since there is no specific category for 'Contract Award' or 'Material Agreement,' and given its nature as a formal disclosure required under securities trading acts (mentioned at the end), it best fits the general 'Regulatory Filings' category (RNS) as a miscellaneous, material corporate event disclosure, or potentially 'Capital/Financing Update' (CAP) if the contract is viewed as a major revenue stream securing financing, but RNS is the safer fallback for non-standard material news. Given the context of a specific, material business transaction announcement, RNS is the most appropriate general regulatory disclosure category.
2018-06-19 English
Akastor ASA: Akastor signs agreements to form joint venture for the AKOFS Offshore business
M&A Activity Classification · 1% confidence The document details a significant corporate transaction: the sale of 50% of Akastor's shares in AKOFS Offshore to Mitsui and MOL for USD 142.5 million. It includes details about the consideration, closing conditions (expected Q3 2018), governance changes (new shareholders agreement), and key financial figures for AKOFS Offshore. This content strongly indicates an announcement related to a major corporate transaction, specifically a merger, acquisition, or significant stake sale. The most fitting category among the provided definitions is 'M&A Activity' (TAR), as it describes the terms and structure of a takeover/sale proposal, even if it's a partial sale.
2018-06-19 Norwegian
Akastor ASA: Akastor signs agreements to form joint venture for the AKOFS Offshore business
M&A Activity Classification · 1% confidence The document text announces that Akastor ASA has entered into a Share Purchase Agreement with Mitsui and MOL to form a joint venture for its AKOFS Offshore business, involving the transfer of 50% of its shares. This clearly describes a significant corporate transaction involving mergers, acquisitions, or major structural changes related to business assets or ownership. This aligns best with the 'M&A Activity' category (TAR), which covers merger proposals or takeover bids, as forming a joint venture via share transfer is a form of strategic transaction. It is not an Earnings Release (ER), Interim Report (IR), or Annual Report (10-K) as it focuses on a transaction, not periodic financial performance. It is not a simple Director's Dealing (DIRS) or a Dividend Notice (DIV). Since it details the terms of a major transaction, TAR is the most appropriate classification over the general Regulatory Filing (RNS). The document length is short, but it contains the substance of the announcement, not just a notice that a report is attached.
2018-06-19 English
Akastor ASA: Akastor completes investment of USD 75.0 million in Odfjell Drilling Ltd
M&A Activity Classification · 1% confidence The document announces the completion of a significant investment transaction (USD 75.0 million) by Akastor ASA in Odfjell Drilling Ltd, referencing a prior stock exchange release and mentioning the approval of preference share issuance. This type of corporate action, involving investment, financing, or structural changes related to another entity, best fits the 'Capital/Financing Update' category, as it details a major capital deployment. It is not an earnings release, a full annual report, or a simple director's dealing. Given the nature of the transaction (investment/financing), 'CAP' is the most appropriate code.
2018-05-30 English
Akastor ASA: Equinor awards AKOFS Offshore Letter of Intent
Regulatory Filings Classification · 1% confidence The document is a brief announcement dated May 16, 2018, detailing a 'Letter of Intent' awarded by Equinor to AKOFS Offshore (owned by Akastor ASA) for light well intervention services. It specifies contract value (USD 370 million), duration (five years plus options), and commencement timeline. This type of announcement, concerning a significant commercial contract award or major business development that is not a standard periodic financial report (like 10-K or IR) or a management/board change, typically falls under general corporate news or regulatory disclosure. Since it is a specific, material business event announcement, it is best classified as a general Regulatory Filing (RNS) as it is a disclosure required under securities trading acts, or potentially a Transaction in Own Shares (POS) if it involved share issuance, but here it is a service contract. Given the options, RNS serves as the best fit for a material, non-standard corporate announcement that isn't explicitly covered by other categories like M&A (TAR) or Financing (CAP). The document length is short (2663 chars), but it is the primary announcement, not just a notice of another report's publication.
2018-05-16 English
Akastor ASA: First Quarter Results 2018
Interim / Quarterly Report Classification · 1% confidence The document is titled 'First Quarter Results 2018' and contains detailed financial statements, including a Condensed Consolidated Income Statement, Statement of Financial Position, and Statement of Cash flows for the first quarter of 2018. It provides a comprehensive review of the company's performance, portfolio highlights, and capital structure. Given that it contains substantive financial data and analysis for a period shorter than a full fiscal year, it is classified as an Interim/Quarterly Report. Q1 2018
2018-05-03 English

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