OSLO Nov 22 Oil services firm Aker Solutions
has agreed to sell its well intervention business to
Swedish private equity firm EQT for an enterprise value of 4
billion crowns ($654.31 million), it said on Friday.
Aker Solutions will book a gain before any earn-out of
between 1.8 billion and 1.9 billion crowns from the deal, which
is predominantly structured as a share sale, it added.
"The agreement includes an earn-out provision where Aker
Solutions will receive 25 percent of any internal rate of return
exceeding 12 percent a year on EQT's equity investment," Aker
($1 = 6.1134 Norwegian krones)
(Reporting by Balazs Koranyi)