Akastor ASA (AKKVF) has released an update.
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Akastor ASA has reached an agreement to acquire Mitsui & Co.’s interests in AKOFS Offshore for $22.5 million, with $15 million payable at closing and the rest in tranches by 2025. This acquisition will increase Akastor’s stake to 75%, as they aim to capitalize on the growing opportunities in the subsea well intervention sector. The completion is anticipated in early Q1 2025, pending regulatory approvals.
For further insights into AKKVF stock, check out TipRanks’ Stock Analysis page.