Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Akastor ASA ( (AKKVF) ) has provided an announcement.
Akastor ASA has completed a significant transaction with Mitsui & Co., Ltd., acquiring 75% of AKOFS Offshore AS shares. A new shareholder agreement has also been executed with Mitsui O.S.K. Lines, Ltd., and a further transaction will adjust the ownership to two-thirds for Akastor and one-third for MOL. The completion of this transaction, expected in Q1 2025, will maintain AKOFS Offshore as a jointly controlled entity, potentially strengthening Akastor’s position in the subsea well installation and intervention services sector.
More about Akastor ASA
Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. It operates with a flexible mandate for active ownership and long-term value creation. AKOFS Offshore, a subsidiary of Akastor, provides vessel-based subsea well installation and intervention services for the oil and gas industry, operating three specialized offshore vessels contracted to Petrobras in Brazil and Equinor on the Norwegian Continental Shelf. As of the end of 2024, AKOFS Offshore employed 360 people.
YTD Price Performance: -2.22%
Average Trading Volume: 800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $310.7M
See more insights into AKKVF stock on TipRanks’ Stock Analysis page.
