Brief: Aker Solutions Closes OneSubsea Joint Venture With SLB, Subsea7

Aker Solutions ASA

02/10/2023 09:53

Oct 2 (Reuters) - Aker Solutions ASA  AKSOA.OL :
    * AKER SOLUTIONS, SLB AND SUBSEA7 ANNOUNCE CLOSING OF THE
ONESUBSEA JOINT VENTURE
    * AKER SOLUTIONS WILL OWN 20 PERCENT OF NEW COMPANY
    * WILL RECEIVE A TOTAL CONSIDERATION OF USD 700 MILLION AS
PART OF
TRANSACTION
    * AKER SOLUTIONS IS A 20 PERCENT OWNER IN JOINT VENTURE,
WITH SLB
HOLDING 70 PERCENT AND SUBSEA7 HOLDING 10 PERCENT
    * SUBSEA JOINT VENTURE WILL BE AN IMPORTANT CONTRIBUTOR TO
AKER
SOLUTIONS PROFITS
    * ESTIMATED SYNERGY POTENTIAL IN NEW JOINT VENTURE IS MORE
THAN
USD 100 MILLION PER ANNUM IN MEDIUM TERM
    * ESTIMATES 2023 REVENUES, EXCLUDING SUBSEA, TO BE ABOUT NOK
34
BILLION

Source text for Eikon:  ID:nWkr9HJHF 
Further company coverage:  AKSOA.OL 

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