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An announcement from Akastor ASA ( (AKKVF) ) is now available.
Akastor’s subsidiary DDW Offshore has completed the sale of the vessel Skandi Atlantic for USD 22.75 million, with the transaction executed under amended Saleform 2012 terms following the required consent from the vessel’s charterer. Of the proceeds, USD 8 million will be applied to repay part of DDW Offshore’s debt, reducing its remaining debt to USD 16 million and modestly strengthening the subsidiary’s balance sheet while leaving it focused on operating its two remaining AHTS vessels in the offshore oil and gas support market.
More about Akastor ASA
Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments, operating with a flexible mandate for active ownership and long-term value creation in the global oilfield services sector. Its subsidiary DDW Offshore owns and operates two modern Anchor Handling Tug Supply vessels, designed for anchor-handling, towing and supply services to offshore oil and gas fields worldwide.
Average Trading Volume: 122,544
Current Market Cap: NOK3.05B
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