Brief: Akastor Purchases 75% In Akofs Offshore From Mitsui

Akastor ASA

06/11/2024 06:42

Nov 6 (Reuters) - Akastor ASA  AKAST.OL :
    * AKASTOR ASA: AKASTOR PURCHASES OWNERSHIP INTERESTS IN
AKOFS
OFFSHORE FROM MITSUI
    * AGREED PURCHASE PRICE, AFTER CERTAIN ADJUSTMENTS, IS USD
22.5
MILLION
    * AGREEMENT IS ENTERED INTO ON AN "AS IS" BASIS AND INCLUDES
ALL
OF MITSUI'S INTERESTS IN AKOFS OFFSHORE, WHICH INCLUDES BOTH
EQUITY AND SHAREHOLDER LOANS
    * WILL HOLD 75% OF SHARES IN AKOFS OFFSHORE WHILE REMAINING
25%
WILL REMAIN OWNED BY MITSUI O.S.K. LINES, LTD.
    * COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE IN
EARLY Q1
2025

Source text:  ID:nWkr9trrZS 
Further company coverage:  AKAST.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))