OSLO, Norway –The consummation of the demerger of Aker Solutions ASA (the existing Aker Solutions) was registered with the Norwegian Registry of Business Enterprises after the close of trading on the Oslo Stock Exchange on Sept. 26.
The separation of Aker Solutions into two independent companies was announced on April 30 and approved by shareholders on Aug. 12. The completion of the demerger involves changes to the share capital, the registration of new boards of directors, changes in company names and trading tickers, and adoption of new articles of association.
The existing Aker Solutions has on completion of the demerger changed its name to Akastor ASA and, since Sept. 26, traded under the ticker AKA on the Oslo Stock Exchange. The new Aker Solutions has simultaneously changed its name to Aker Solutions ASA and, beginning Sept. 29, will trade under the AKSO ticker on the stock exchange.