Norwegian holding firm Aker ASA has increased its stake in oil services group Aker Solutions to around 34%.
Aker, the energy firm’s largest shareholder, paid a 16% premium for the shares, despite Aker Solutions having underperformed on the Norwegian stock exchange this year.
“We believe in Aker Solutions,” said Aker Asa spkesman Alte Kigen.
“we have expressed long and we repeated that too at the Capital Markets Day in Aker earlier in November.”
Meanwhile Aker Solutions is to sell off its German tunnel and shaft drilling arm Aker Wirth to China’s Railway Tunneling Equipment group.
The deal, for an undisclosed free, will give CRTE intellectual property rights and the Wirth brand name for shaft-boring equipment, but will not see staff or the manufacturing plant in Germany transfer.
Recommended for you
