Key Developments: Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aker ASA contemplates SEK 1 bln unsecured bond issue
Wednesday, 15 Jan 2014 03:45am EST 

Aker ASA:Contemplates 1 billion Swedish crowns issue in new senior unsecured bonds.Says the bond's maturity would be July 2019.Says net proceeds from the potential bond issue will be used for general corporate purposes.Says Nordea Markets and Pareto Securities have been appointed joint lead arrangers of the contemplated bond issue.  Full Article

Aker ASA's Bokn Invest sells Stream to MRC Global Inc
Tuesday, 10 Dec 2013 02:40am EST 

Aker ASA:Says Bokn Invest, an investment company jointly owned by Converto Capital Fund and HitecVision V, has agreed to sell Stream AS to MRC Global Inc. for about 1.6 bln norwegian krone, including the assumption of debt.Says Aker ASA will through its 99.8 pct ownership of Converto Capital receive proceeds from the transaction of about 400 mln norwegian krone.Says following this transaction, two out of the three entities established after Bokn Invest's de-listing and subsequent three-way split of former Bjørge ASA will have been divested.Says the sales have yielded total proceeds exceeding 500 mln norwegian krone to Converto Capital.Says Align AS, the remaining entity, is approaching exit stage.Says Robert W. Baird Ltd. served as the exclusive financial advisor to the shareholders in this transaction and BA-HR acted as legal advisor.Says the stream transaction is expected to be completed in the Q1 2014.  Full Article

Aker ASA reaches direct holding in Aker Solutions of about 6 percent
Wednesday, 27 Nov 2013 02:43am EST 

Aker ASA:Says has acquired 16,440,000 shares in Aker Solutions ASA at a price of NOK 115 per share.Says now holds directly 16,440,000 shares (about 6 percent of the share capital) in Aker Solutions.Says owns 70 percent of shares in Aker Kvaerner Holding AS, which in turn owns 40.3 percent of the outstanding shares in Aker Solutions.Says bookbuilding was managed by ABG Sundal Collier Norge ASA and Arctic Securities ASA.  Full Article

Aker ASA intends to acquire 6 percent in Aker Solutions ASA
Tuesday, 26 Nov 2013 10:36am EST 

Aker ASA:Says intends to acquire about 16.5 million shares (about 6 percent of the share capital) in Aker Solutions ASA, but with the possibility for Aker ASA at its full discretion to increase or decrease the number of shares to be acquired (the Offer).Says book building process commences immediately, and will close no later than at 08:00 CET, Nov. 27.Says if an acquisition is to be completed, pricing and allocation will follow shortly thereafter.Says allocation will then be made on Nov. 27, and settlement will then take place on Dec 2.Says has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA as Managers in connection with the contemplated acquisition.  Full Article

Aker ASA's Aker Philadelphia Shipyard, Inc Awarded Contract by Matson Navigation Company
Wednesday, 6 Nov 2013 04:00pm EST 

Aker ASA's Aker Philadelphia Shipyard ASA announced that its wholly-owned United States subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has been selected by Matson Navigation Company (Matson) to construct two 3,600 TEU containerships. Firm contracts are in place for the two vessels with a total value of USD 418 million. The vessels will be delivered in Q3 and Q4 2018 and will not require additional financing by APSI. The 850 foot long vessels will be the largest Jones Act containerships ever constructed and will be utilized in Matson's service from the United States West Coast to Hawaii. The vessels are capable of carrying a variety of container sizes and are able to operate at speeds in excess of 23 knots. The vessels will be built with dual fuel engines and will be ready for conversion to LNG propulsion.  Full Article

Aker ASA's Subsidiary Enters Lease Agreement with Aker Solutions for New Office Building
Thursday, 10 Oct 2013 02:05am EDT 

Aker ASA announced that Fornebuporten AS, a subsidiary of the Company, has entered a long-term lease agreement with Aker Solutions ASA starting in 2016 for offices to be built in Fornebu, near Oslo. The barehouse contract is for approximately 32,000 square meters of office and common space, and for a duration of 12 years, with two additional five-year options. The building is scheduled for completion in June 2016.  Full Article

Aker ASA Announces Listing of New Bond Issue of NOK 1,300 Million
Wednesday, 7 Aug 2013 09:15am EDT 

Aker ASA announced that the Company's new bond issue Aker ASA 13/18 FRN, ISIN NO001 068 0309, of NOK 1,300 million, open, will be listed on Oslo Bors on August 8, 2013. The bond's maturity date is June 6, 2018. Coupon rate has been set at 5.26% p.a. (three-month NIBOR + 3.50% p.a.).  Full Article

Aker ASA Announces Listing of New Bond Issue of NOK 700 Million
Wednesday, 7 Aug 2013 09:08am EDT 

Aker ASA announced that the Company's bond issue Aker ASA 13/20 FRN, ISIN NO001 068 0317, of NOK 700 million, open, will be listed on Oslo Bors on August 8, 2013. The bond's maturity date is June 6, 2020. Coupon rate has been set at 5.76% p.a. (three-month NIBOR + 4.00% p.a.)  Full Article

Aker ASA Exercises Over-Allotment Option for Shares in Ocean Yield ASA
Monday, 5 Aug 2013 02:34am EDT 

Aker ASA announced that Pareto Securities AS, in capacity of stabilization manager on behalf of the Joint Bookrunners of initial public offering of shares in Ocean Yield ASA (the Offering), has notified Aker ASA that Pareto Securities AS, on behalf of the Joint Bookrunners, has exercised the over-allotment option granted to Pareto Securities AS by Aker ASA. The over-allotment option has been exercised for 1,757,425 shares in Ocean Yield ASA held by Aker ASA. Following the sale of these shares by Aker ASA to the Joint Bookrunners, Aker ASA will hold 98,242,575 shares in Ocean Yield, equal to 73.46% of the shares and votes in the Company. The exercise price is equal to the offer price that applied to the Offering, i.e. NOK 27 per share.  Full Article

Aker ASA's Aker BioMarine AS Sells Epax through Joint Venture to FMC Corporation
Wednesday, 24 Jul 2013 06:06am EDT 

Aker ASA announced that Trygg Pharma Group AS (Trygg Pharma), a 50/50 joint venture between Aker ASA's Aker BioMarine AS (Aker BioMarine) and private investment firm Lindsay Goldberg, has signed an agreement to sell its omega-3 production business Epax to FMC Corporation (FMC). The transaction, valued at approximately USD 345 million, was not subject to any closing conditions and closed simultaneously with the signing of the share purchase agreement. The proceeds from the transaction will be used partly to fund the remaining business in Trygg Pharma and partly as dividend to the owners. A total cash consideration of approximately NOK 400 million is expected to Aker ASA in Q3 2013.  Full Article

BRIEF-Aker ASA: 84 pct of owners reinvested half their dividend

* Subscriptions were made for a total of 1,947,134 new shares in dividend issue

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