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Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

366.00NOK
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Aker says Norske Skog would be added to its industrial portfolio
Thursday, 23 Nov 2017 04:11am EST 

Nov 23 (Reuters) - Aker ASA and Oceanwood said on Thursday::Aker and Oceanwood to serve as "backstop bidder" in case no other bids emerge for norske skog plants -Oceanwood spokesman.Aker CEO on Norske Skog: "It would be a new industrial portfolio and diversification of our portfolio".Aker CEO: "Our main role is to fund our proportion a purchase price if our bid is successful. We will be equity owner.".  Full Article

Aker CEO says no plans to dilute stake in Aker BP
Thursday, 23 Nov 2017 03:47am EST 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said::No plans to take Akastor private, will continue to be listed.Says has no plans to dilute stake in Aker BP.Wants to explore Kvaerner growth opportunities, both geografically and accross the business portfolio.  Full Article

Aker says Norway, Brazil contract opportunities crucial to Aker Solutions
Thursday, 23 Nov 2017 03:16am EST 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said on Thursday::Oil service market is improving, several subsea projects expected to be awarded shortly, with majority in Norway and Brazil.Those contract awards would be crucial for Aker Solutions going forward.  Full Article

Aker and Oceanwood seek to buy key unit of crisis-stricken Norske Skog​
Thursday, 23 Nov 2017 02:04am EST 

Nov 23 (Reuters) - AKER ASA ::REG-AKER ASA: INVITED INTO THE RESTRUCTURING OF NORSKE SKOG.‍AKER CAPITAL AS, A WHOLLY OWNED SUBSIDIARY OF AKER ASA, AND OCEANWOOD CAPITAL MANAGEMENT LP, HAVE ENTERED INTO AN AGREEMENT TO ESTABLISH A COMPANY FOR PURPOSE OF BIDDING FOR SHARES IN NORSKE SKOG AS, A SUBSIDIARY OF THE LISTED NORSKE SKOGINDUSTRIER​.‍OCEANWOOD IS A CREDITOR IN THE COMPANY, AND HOLDS ALL OF NSF SECURITISATION FACILITY AND A MAJORITY OF SENIOR SECURED NOTES ( SSN). AKER AND OCEANWOOD WILL BE 50/50 OWNERS OF NEW COMPANY.​.  Full Article

Aker's net asset value rose to NOK 34.7 billion in Q3
Thursday, 23 Nov 2017 01:00am EST 

Nov 23 (Reuters) - Aker Asa :Q3 net asset value NOK 34.7​ billion (NOK 28.8 billion in Q2 2017).‍this year we will receive more than nok 1.5 billion in upstream dividend to Aker and next year we expect even more​.Q3 pretax result nok 229‍​ million (nok 158 million in q3 2016).  Full Article

Aker BP says share issue fully subscribed at NOK 184
Tuesday, 31 Oct 2017 03:14am EDT 

Oct 31 (Reuters) - Aker BP Asa :NOK 4.1 billion private placement fully subscribed.‍Raising gross proceeds of NOK 4,084 million ($501.02 million). Price per share was nok 184 per share​.‍subscription price of nok 182.5 per share and nok 1.5 per share as payment for associated right to cash dividend of usd 0.185.‍investors who participate in private placement are informed that shares offered in private placement will be delivered inclusive of right to receive cash dividend.Aker Capital AS pre-committed 40 pct of the placement.BP Global Investments Limited subscribed for 30 pct.  Full Article

Aker BP in $2 billion deal to buy Norway unit of Hess
Tuesday, 24 Oct 2017 01:12am EDT 

Oct 24 (Reuters) - Aker Bp Asa :Aker bp acquires Hess Norge for a cash consideration of USD 2.0 billion.‍through transaction, aker bp strengthens its production and resource base, and becomes sole owner of valhall and hod fields​.‍transaction will be financed through aker bp's existing long-term reserve based lending bank facility, and by issuance of usd 500 million in new equity​.‍issue price will be determined through a book building process​.‍aker asa ("aker") and bp plc ("bp") will subscribe for 40 per cent and 30 per cent of shares to be issued, respectively, at price determined through bookbuilding process, or minimum nok 155 per share​.‍in addition, aker and bp will underwrite remaining shares to be issued at nok 155 per share​.‍acquisition will strengthen aker bp's position on norwegian continental shelf​.‍both production and reserves will increase significantly​.  Full Article

Aker's net asset value falls to NOK 28.8 bln in Q2
Tuesday, 18 Jul 2017 01:00am EDT 

July 18 (Reuters) - AKER ::AKER Q2 NET ASSET VALUE NOK 28.8 BILLION (NOK 32.6 BILLION IN Q1 2017).CEO SAYS ALTHOUGH THE VALUE DEVELOPMENT IN THE QUARTER IS NEGATIVE, I REMAIN CAUTIOUSLY OPTIMISTIC, PARTLY BECAUSE THE VALUE CHANGES WERE TRIGGERED BY OIL PRICE VOLATILITY AND PARTLY BECAUSE OUR OPERATING ENTITIES CONTINUE TO PERFORM WELL..  Full Article

Aker CEO says no ongoing talks on M&A of its oil service firms
Thursday, 11 May 2017 03:53am EDT 

May 11 (Reuters) - Aker Asa CEO Oeyvind Eriksen told analysts during presentation of the company's first-quarter results on Thursday::Aker has no ongoing negotiations regarding M&A in its oil service companies.Aker continues to explore opportunities for our business."I expect more consolidation to come... But it's more of a continued dialogue... It's a big topic discussed in the oil service industry as we speak".Aker holds stakes in oil service firms Aker Solutions AKSO.OL, Akastor <<>> and Kvaerner <<>>.  Full Article

Aker Q1 net asset value fell to NOK 32.6 billion
Thursday, 11 May 2017 01:01am EDT 

May 11 (Reuters) - Aker Asa :Q1 net asset value nok 32.6 billion (nok 34.3 billion in q4 2016).Q1 pretax result nok 511 million (loss nok 83 million in q1 2016).  Full Article

UPDATE 1-Norway's Aker BP sells 10 pct stakes in two North Sea oilfields

* Aker BP plans further Valhall, Hod stake reduction (Adds company's spokesman, analyst, oil ministry)