Mitsui set for 50% share in AKOFS Offshore

Akastor has an agreement to transfer 50% of its shares in AKOFS Offshore to Mitsui & Co. and Mitsui O.S.K. Lines, forming a joint venture ownership.

Offshore staff

OSLO, Norway – Akastor has an agreement to transfer 50% of its shares in subsea well services/intervention contractor AKOFS Offshore to Mitsui & Co. and Mitsui O.S.K. Lines, forming a joint venture ownership.

The share transfer will involve an initial cash payment to Akastor of $142.5 million with the deal including preferential rights linked to the operation of the well intervention vesselAKOFS Seafarer.

06/19/2018

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