Aker Horizons has completed its mergers with Aker Offshore Wind and Aker Clean Hydrogen in two triangular consolidations.
Norway’s Aker Horizons, majority-owned by Aker ASA, is an investment group focused on sustainable, “planet-positive” investing.
Aker Offshore Wind (AOW) will merge into Aker Horizon’s wholly-owned subsidiary AH Tretten AS, while Aker Clean Hydrogen (ACH) will merge with the subsidiary AH Seksten AS.
The mergers are now completed by registration in the Norwegian Register of Business Enterprises. Aker Horizons will issue 80,612,586 new ordinary shares to eligible shareholders in AOW and ACH. Final trading of AOW and ACH shares ended on Friday.
Aker Horizon’s new share capital will be NOK 690,348,751 ($68,898,876), divided into 690,348,751 shares.
The creditor notice period expired at midnight on Thursday without any creditors objecting to the terms of the merger, Aker Horizons said.