Aker Solutions president: Simen Lieungh
Aker Solutions offloads Odim stake
Norway’s Aker Solutions is primed to sell its 33% stake in Odim to Rolls-Royce for Nkr700 million ($108 million).
The sale gives Aker Solutions a profit of close to Nkr125 million, including dividends paid out by Odim in May.
"Since our acquisition of 33% of the shares in Odim in April, we have considered how to secure the best return on this investment, including steps in direction of a future integration of Odim in Aker Solutions. During this process we have also been approached by other interested parties in the market, and we received a good offer from Rolls Royce Marine. After an overall assessment, our opinion is that it would be in our shareholders' interest to sell at this price," says Simen Lieungh, president of Aker Solutions.
"Our industrial efforts within well services and marine operations continue. Rolls-Royce Marine is a very solid enterprise, and we are confident that our ongoing projects with Odim as supplier will be continued in a good way," added Lieungh.