Provider: Wright Reports
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Aker Solutions ASA Terminates Agreement to Acquire NPS Energy
Aker Solutions ASA announced that it ended on November 21, 2012 the process to acquire the Dubai-headquartered oil services company NPS Energy. Aker Solutions announced an agreement to buy the shares in NPS Energy on May 21, 2012. The agreement was conditional upon a series of parameters being fulfilled before the end of the closing period. The agreement stated that if the transaction had not closed by November 20, 2012, both parties had the right to terminate from November 21, 2012. Aker Solutions informed the seller of NPS Energy on November 21, 2012 that it has terminated the agreement.
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