Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Akastor ASA: Akastor purchases ownership interests in AKOFS Offshore from Mitsui

Akastor
Akastor ASA (OSE: AKAST) and Mitsui & Co., Ltd, ("Mitsui") have today signed an
agreement for the transfer of all of Mitsui's interests in AKOFS Offshore AS
("AKOFS Offshore") to Akastor. Agreed purchase price, after certain adjustments,
is USD 22.5 million, of which USD 15 million is payable at closing and remaining
USD 7.5 million is payable in two equal tranches in June and December 2025. The
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.
As part of the transaction, Akastor also assumes Mitsui's exposure under the
guarantee structure related to the financing of "AKOFS Santos".

Following completion of the transaction, Akastor will hold 75% of the shares in
AKOFS Offshore while the remaining 25% will remain owned by Mitsui O.S.K. Lines,
Ltd. ("MOL"). As part of the transaction, Akastor and MOL as remaining
shareholders will negotiate and enter into a new shareholders agreement, on
substantially similar terms but suitably adjusted to reflect the changed
ownership.

Karl Erik Kjelstad, CEO of Akastor, comments
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.