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Akastor — M&A Activity 2016
Dec 16, 2016
3525_iss_2016-12-16_04be8516-6ee1-4dfc-8f22-6df9eb2d36b4.html
M&A Activity
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Akastor ASA: Akastor completes sale of Fjords Processing to National Oilwell Varco
Akastor ASA: Akastor completes sale of Fjords Processing to National Oilwell Varco
Reference is made to the stock exchange release dated October 27, 2016 regarding
Akastor's agreement to sell Fjords Processing to National Oilwell Varco. All
closing conditions have been fulfilled. The closing of the transaction took
place on December 16, 2016 according to the terms and conditions described in
the release.
The transaction will realize an accounting gain of approximately NOK 650 million
to Akastor, and will be recognized in the fourth quarter results.
Carnegie acted as exclusive financial adviser to Akastor, and BA-HR lawfirm as
legal advisor.
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Media Contact:
Akastor
Tore Langballe, Head of Communications
+47 907 77 841
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.