Akastor Completes Sale of Fjords Processing to National Oilwell Varco (Scandinavian Oil-Gas Magazine)

Akastor Completes Sale of Fjords Processing to National Oilwell Varco

Published Dec 19, 2016

All closing conditions have been fulfilled in Akastor’s agreement to sell Fjords Processing to National Oilwell Varco.

The closing of the transaction took place on December 16, 2016 according to the terms and conditions described in the stock exchange release dated October 27, 2016.

The transaction will realise an accounting gain of approximately NOK 650 million to Akastor, and will be recognised in the fourth quarter results.

Carnegie acted as exclusive financial adviser to Akastor, and BA-HR lawfirm as legal advisor.

Tags: Akastor, National Oilwell Varco

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