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DOFo - Dof ASA News Story

NOK0.577 0.0  0.0%

Last Trade - 23/04/21

Market Cap £15.6m
Enterprise Value £1.47bn
Revenue £530.2m
Position in Universe 1472nd / 1830

BRIEF-Akastor Says To Assume Full Ownership Of A Restructured DOF Deepwater As

Thu 27th August, 2020 4:59pm
Aug 27 (Reuters) - Akastor ASA  AKAS.OL :
    * AKASTOR ASA: AKASTOR TO ASSUME FULL OWNERSHIP OF A RESTRUCTURED DOF DEEPWATER AS
    * AKASTOR ASA - DOF DEEPWATER ENTERED TERM SHEET WITH ITS LENDERS ON RESTRUCTURING OF ITS
DEBT
THAT SECURES CONTINUED OPERATIONS UP TO H2 2023
    * AKASTOR ASA - CLOSING IS I.A. SUBJECT TO FINAL AGREEMENTS BEING ENTERED INTO AND IS
EXPECTED TO
TAKE PLACE IN Q3 2020
    * AKASTOR ASA - AS FROM CLOSING, DOF DEEPWATER WILL BE CONSOLIDATED INTO AKASTOR GROUP AS A
SUBSIDIARY
    * AKASTOR ASA - AT LATEST PRIOR TO CLOSING, DOF DEEPWATER WILL CHANGE ITS NAME TO DDW
OFFSHORE AS

Source text for Eikon:  ID:nWkr2kjJ4n 
Further company coverage:  AKAS.OL 

 ((Reuters.Briefs@thomsonreuters.com;))
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