Akastor ASA: Fourth quarter and preliminary annual
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Posted On: 02/16/2017 1:15:24 AM
Akastor ASA: Fourth quarter and preliminary annual results 2016
Highlights:
Several transactions were announced and concluded, releasing approximately NOK 2.6 billion in cash;
- Creation of Mitsui/AKOFS Offshore joint venture; cash release of USD 66 million
- Sale of Frontica Business Solutions to Cognizant for NOK 1 025 million
- Sale of Fjords Processing to National Oilwell Varco (NOV) for NOK 1 200 million
- Frontica Advantage joined NES Global Talent in January 2017
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Media Contact: Akastor Tore Langballe, Head of Communications +47 907 77 841 tore.langballe@akastor.com This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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