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Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aker says Norske Skog would be added to its industrial portfolio
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA and Oceanwood said on Thursday::Aker and Oceanwood to serve as "backstop bidder" in case no other bids emerge for norske skog plants -Oceanwood spokesman.Aker CEO on Norske Skog: "It would be a new industrial portfolio and diversification of our portfolio".Aker CEO: "Our main role is to fund our proportion a purchase price if our bid is successful. We will be equity owner.".  Full Article

Aker CEO says no plans to dilute stake in Aker BP
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said::No plans to take Akastor private, will continue to be listed.Says has no plans to dilute stake in Aker BP.Wants to explore Kvaerner growth opportunities, both geografically and accross the business portfolio.  Full Article

Aker says Norway, Brazil contract opportunities crucial to Aker Solutions
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said on Thursday::Oil service market is improving, several subsea projects expected to be awarded shortly, with majority in Norway and Brazil.Those contract awards would be crucial for Aker Solutions going forward.  Full Article

Aker and Oceanwood seek to buy key unit of crisis-stricken Norske Skog​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - AKER ASA ::REG-AKER ASA: INVITED INTO THE RESTRUCTURING OF NORSKE SKOG.‍AKER CAPITAL AS, A WHOLLY OWNED SUBSIDIARY OF AKER ASA, AND OCEANWOOD CAPITAL MANAGEMENT LP, HAVE ENTERED INTO AN AGREEMENT TO ESTABLISH A COMPANY FOR PURPOSE OF BIDDING FOR SHARES IN NORSKE SKOG AS, A SUBSIDIARY OF THE LISTED NORSKE SKOGINDUSTRIER​.‍OCEANWOOD IS A CREDITOR IN THE COMPANY, AND HOLDS ALL OF NSF SECURITISATION FACILITY AND A MAJORITY OF SENIOR SECURED NOTES ( SSN). AKER AND OCEANWOOD WILL BE 50/50 OWNERS OF NEW COMPANY.​.  Full Article

Aker's net asset value rose to NOK 34.7 billion in Q3
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker Asa :Q3 net asset value NOK 34.7​ billion (NOK 28.8 billion in Q2 2017).‍this year we will receive more than nok 1.5 billion in upstream dividend to Aker and next year we expect even more​.Q3 pretax result nok 229‍​ million (nok 158 million in q3 2016).  Full Article

Aker BP says share issue fully subscribed at NOK 184
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Aker BP Asa :NOK 4.1 billion private placement fully subscribed.‍Raising gross proceeds of NOK 4,084 million ($501.02 million). Price per share was nok 184 per share​.‍subscription price of nok 182.5 per share and nok 1.5 per share as payment for associated right to cash dividend of usd 0.185.‍investors who participate in private placement are informed that shares offered in private placement will be delivered inclusive of right to receive cash dividend.Aker Capital AS pre-committed 40 pct of the placement.BP Global Investments Limited subscribed for 30 pct.  Full Article

Aker BP in $2 billion deal to buy Norway unit of Hess
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Aker Bp Asa :Aker bp acquires Hess Norge for a cash consideration of USD 2.0 billion.‍through transaction, aker bp strengthens its production and resource base, and becomes sole owner of valhall and hod fields​.‍transaction will be financed through aker bp's existing long-term reserve based lending bank facility, and by issuance of usd 500 million in new equity​.‍issue price will be determined through a book building process​.‍aker asa ("aker") and bp plc ("bp") will subscribe for 40 per cent and 30 per cent of shares to be issued, respectively, at price determined through bookbuilding process, or minimum nok 155 per share​.‍in addition, aker and bp will underwrite remaining shares to be issued at nok 155 per share​.‍acquisition will strengthen aker bp's position on norwegian continental shelf​.‍both production and reserves will increase significantly​.  Full Article

Aker BP merger completed, plans Q4 dividend
Friday, 30 Sep 2016 

Det Norske Oljeselskap Asa : Det norske oljeselskap says has completed the closing of the merger with BP Norge and the subsequent establishment of Aker BP ASA .Says company is on track with the integration process and reiterates the ambition of a quarterly dividend for the fourth quarter of 2016.  Full Article

Ocean Yield: Kjell Inge Røkke buys 100,800 shares at average of NOK 64.66/shr
Friday, 30 Sep 2016 

Ocean Yield ASA : Kjell Inge Røkke has acquired 100,800 shares in Ocean Yield at an average price of 64.66 Norwegian crowns ($8) per share . Following deal, Røkke owns directly 280,800 shares in Ocean Yield .Together with his wife, Røkke controls 68.18 percent of shares in Aker ASA , which again controls 66.29 percent of outstanding shares in Ocean Yield.  Full Article

Ocean Yield raises $103 in private share placement
Thursday, 1 Sep 2016 

Ocean Yield Asa : NOK 862 million ($103.45 million) private placement fully subscribed . subscription price of NOK 64 per share vs Wednesday closing of NOK 67 on the Oslo Bourse . Due to strong demand, Aker has been allocated zero new shares in order to give priority to other investors to improve the overall free float in the share . "important milestone in our efforts to build Ocean Yield into a substantially larger company. The share issue will also contribute to increase the free float in the Ocean Yield share, making it even more attractive for larger investors" .Danske Bank, DNB Markets, Nordea Markets, Pareto Securities and Skandinaviska Enskilda Banken have acted as Joint Lead Managers in the Private Placement.  Full Article

Norway Royal Salmon and Aker win approval for more fish volume in Arctic concept

* Norway Royal Salmon and Aker's proposed "Arctic Offshore Farming" salmon development concept has won approval for more volumes after filing a complaint against the original allocation decision