Norway: Aker Proposes Aker Floating Production Acquisition
Norwegian conglomerate Aker said on Monday it was offering to buy Aker Floating Production , which owns and operates two ships that can produce oil and gas at offshore fields.
Aker, which already controls 72.3 percent of Aker Floating Production through a majority-owned investment firm, did not give a value for the transaction.
Aker said minority shareholders in Aker Floating Production would be offered settlement in Aker shares, and it would purchase some 115,000 Aker shares in the market for this purpose.
- Norway-based Aker Solutions Increases its Middle East Presence with X3M Acquisition (mb50.wordpress.com)
- Re-inventing subsea intervention to keep economics above water (mb50.wordpress.com)
- Norway: Det Norske Pens Important Jette Field Deals (mb50.wordpress.com)
Posted on November 7, 2011, in FPSO, MARINE VESSELS, Norway and tagged Acquisition, Aker, Aker Floating Production, Floating, Floating production storage and offloading, FPSO, Gas, News, Norway, oil, production, Proposes. Bookmark the permalink. 1 Comment.