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AKKVF

OTC
1.80000 USD
0
0%
Last update May 5, 3:56 PM EDT
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1.80000
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Akastor ASA
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Overview

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Description

Akastor ASA is an oil-services investment company headquartered at Fornebu outside Oslo, Norway, managing a diverse portfolio of industrial and financial holdings primarily in the oilfield services sector. Established in 2014 following a demerger from Aker Solutions, it traces its roots to the Aker Group, founded over 170 years ago in 1841. With a flexible mandate for active ownership, Akastor focuses on long-term value creation through strategic oversight, transactions, and integration of portfolio companies. Key holdings include MHWirth, a global leader in integrated drilling solutions and services with advanced engineering for offshore rigs; AKOFS Offshore, providing subsea well construction and intervention via specialized vessels; and AGR, offering well design, project management, and reservoir services. Partial stakes cover workforce specialist NES Fircroft and others in vapour recovery and drilling. As of end-2024, net capital employed stood at NOK 5.0 billion, underscoring its scale in energy markets. Akastor emphasizes responsible ownership, advancing energy transition initiatives like carbon capture, offshore wind, and digital solutions while supporting UN Sustainable Development Goals in decent work, responsible consumption, climate action, and governance. Aker Holding AS holds 36.7% ownership, positioning Akastor as a significant player in industrial investments.

About

CEO
Mr. Ahmed Khaled El-Hoshy
Employees
9
Address
Building B
OksenOeyveien 10 P.O. Box 124 Lysaker
Bærum, 1366, MI
Norway
Phone
47 21 52 58 00
Website
Instrument type
Common stock
Sector
Energy
Industry
Oil & Gas Equipment & Services
Country
United States
MIC code
PINX
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Latest press releases

May 16, 2025
Akastor ASA: Cancellation of sale of "Skandi Peregrino" by DDW Offshore

OSLO, Norway, May 16, 2025 /PRNewswire/ -- Reference is made to press release dated 4 March 2025 in respect of Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") and the agreement to sell "Skandi Peregrino", which was conditional on charterer's consent. Since the charterer has not accepted to novate the relevant contract on the vessel, the agreement to sell the vessel has today been cancelled.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

oyvind.paaske@akastor.com 

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Adina Gherghel, Office Manager, Akastor ASA, on 16 May 2025 at 19:30 CET.

About DDW Offshore:

DDW Offshore owns three modern Anchor Handling Tug Supply (AHTS) vessels (Skandi Atlantic, Skandi Emerald and Skandi Peregrino) with capability to operate and support clients on a world-wide basis. The vessels are specially designed to perform anchor-handling, towing, and supply services at offshore oil and gas fields.

For further information, please visit homepage: www.ddwoffshore.com 

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

This information was brought to you by Cision http://news.cision.com

Cision View original content:https://www.prnewswire.co.uk/news-releases/akastor-asa-cancellation-of-sale-of-skandi-peregrino-by-ddw-offshore-302458043.html

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