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Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aker ASA sells real estate assets to main owner
Tuesday, 23 Feb 2016 01:01am EST 

Aker ASA:Agreement to sell real estate assets to Kjell Inge Roekke and his company Resource Group TRG AS ‍.together with external financing, transactions will release nok 1.55 billion in cash to aker and holding companies upon completion​.‍transaction comprises 25 per cent of shares in Fornebu Gateway real estate consortium and shares in aker maritime finance as, which owns eight industrial properties acquired from Akastor ASA.The sale will generate a total cash consideration of NOK 952 million.Prior to the transaction, Aker will receive proceeds of NOK 600 million from external financing of the Akastor industrial properties.Aker will recognise a gain of NOK 90 million from the transaction, as a result of profit accumulated during the period owned by Aker and reduced tax liabilities.Selling our real estate properties to Kjell Inge Roekke and TRG will free up cash to Aker, while still enable us to maintaining control over facilities that are of strategic importance to both Akastor and Aker Solutions​.‍retains a solid cash buffer to seize opportunities that may arise in current market downturn.Kjell Inge Røkke is Aker's chairman and principal shareholder, and is also TRG's majority shareholder. The agreements therefore constitute related-party transactions. The sales processes were conducted at arm's length, in compliance with Aker's own guidelines for related-party transactions​.  Full Article

Akastor ASA sells real estate portfolio to Aker
Monday, 9 Nov 2015 02:42am EST 

Akastor ASA:Says has entered into an agreement with Aker AKER.OL to divest eight properties with long-term lease agreements.Says properties are valued at 1.243 million Norwegian crowns in an all-cash transaction.Says average remaining contract tenor of the lease is about 18.5 years.The annualized rent in 2015 is about 86.5 million crowns in total.Says transaction is expected to be completed in Q4 of 2015, subject to approval by the board of directors in Aker Kværner Holding AS.Akastor expects to realize a financial gain of about 300 million crowns in its Q4 results for 2015, following completion of the divestment.The expected net cash, after tax, effect of the transaction will be about 1.170 million crowns.  Full Article

Aker ASA bought 6 million Akastor shares
Thursday, 20 Aug 2015 02:45am EDT 

Aker ASA:Has on 19 august 2015 acquired 6 million shares in Akastor ASA at NOK 10.60 per share.Following this acquisition, Aker ASA holds directly 23.33 million of the issued shares and voting rights (about 8.5 per cent of the share capital) in Akastor ASA.Aker ASA also owns 70 per cent of the shares in Aker Kvaerner Holding AS, which in turn owns 110.33 million shares, representing 40.3 per cent of the outstanding shares in Akastor ASA.  Full Article

Aker ASA: Completes placement of NOK 1 bln bond issue
Friday, 22 May 2015 02:55am EDT 

Aker ASA:Says senior unsecured bond issue with maturity date in May 2020 was successfully completed.Settlement date is expected to be May 29, 2015.The company has purchased 109.5 million Norwegian crowns of AKER05 (ISIN NO0010591977) at a price of 102.DNB Markets, Nordea Markets and Pareto Securities acted as joint lead managers of the bond issue.  Full Article

Aker ASA plans bond issue of up to NOK 1 bln
Thursday, 21 May 2015 02:44am EDT 

Aker ASA:Says contemplating to issue 750 million to 1 billion Norwegian crowns in new senior unsecured bonds in the Nordic bond market with maturity in May 2020.Net proceeds from the bond issue will be used for general corporate purposes.DNB Markets, Nordea Markets and Pareto Securities are the joint lead arrangers for the issuance.  Full Article

Aker ASA updates on dividend; Norway's FSA approves dividend issue
Friday, 15 May 2015 01:45am EDT 

Aker ASA:Says the Norwegian Financial Supervisory Authority has approved offering and listing of up to 2,310,189 new shares in the company in dividend issue, each with a nominal value of 28 Norwegian crowns per share.In the dividend issue each shareholder in the firm can choose to use half of the dividend it is entitled to pursuant to the resolution by the Annual General Meeting on April 17, 2015 to subscribe for new shares in the company.  Full Article

Aker CFO Trond Brandsrud resigns
Tuesday, 21 Apr 2015 06:32am EDT 

Aker ASA:Says Chief Financial Officer Trond Brandsrud leaves company as he has decided to seek new challenges.Brandsrud will resign by July 31, the end of the notice period.  Full Article

Aker ASA proposes dividend for FY 2014
Friday, 27 Feb 2015 01:35am EST 

Aker ASA:To declare a dividend of 10 Norwegian crowns per share for FY 2015.Says it is proposed that half of dividend (5 crowns per share) will be with optional settlement with new Aker shares as "scrip dividend".  Full Article

BRIEF-Norway's Aker Q3 net asset value rises to NOK 29.8 bln yr/yr

* Q3 net asset value NOK 29.8 billion (NOK 24.7 billion in Q2 2016)