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Akastor M&A Activity 2017

Jan 6, 2017

3525_iss_2017-01-06_b8b12538-82c4-449d-b2b9-37d54463656b.html

M&A Activity

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Akastor ASA: Akastor completes transaction to join Frontica Advantage with NES Global Talent

Akastor ASA: Akastor completes transaction to join Frontica Advantage with NES Global Talent

Reference is made to the stock exchange release dated December 8, 2016 regarding

Akastor's agreement to join Frontica Advantage with NES Global Talent to create

a leading staffing service provider for the Oil and Gas sector. All closing

conditions have been fulfilled.  The closing of the transaction took place on

January 6, 2017 according to the terms and conditions described in the release.

____

- END -

Media Contact:

Akastor

Tore Langballe, Head of Communications

+47 907 77 841

[email protected]

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.