Aker pulls out of Middle East takeover

Nov. 28, 2012
Aker Solutions (Oslo Børs:AKSO) has decided not to acquire Dubai-based oil services company NPS Energy.

Offshore staff

OSLO, Norway – Aker Solutions (Oslo Børs:AKSO) has decided not to acquire Dubai-based oil services company NPS Energy.

The companyannounced a conditional takeover in May, but the two parties could not reach agreement on the conditions for closing the deal.

Aker Solutions says it remains committed to growing its business and serving clients in the Middle East and North Africa.

11/28/2012