The sale frees up further liquidity to strengthen Aker`s balance sheet and increase its financial clout for additional industrial moves. No extraordinary dividend payment will be made to Aker shareholders as a result of the share sale.
"The share sale strengthens Aker`s ability to contribute to further industrial development at Aker Yards and Aker Kværner--and to generating additional shareholder value for them and Aker. The interaction in this value-creating triangle of Aker companies will continue after the share sale," said Leif-Arne Langoy, Aker`s Chairman and President and CEO.
Aker will continue its role as a long-term Aker Yards owner, and has no plans for further Aker Yards share divestitures.
SEB Enskilda Securities ASA and Carnegie ASA are lead managers in the Aker Kværner portfolio reduction.
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