Aker BioMarine Streamlines with Strategic Sale
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Aker BioMarine Streamlines with Strategic Sale

Aker ASA (AKAAF) has released an update.

Aker BioMarine ASA is restructuring its business by selling its Feed Ingredients division to a newly formed entity, Aker BioMarine Antarctic Holding II AS, which will be jointly owned by American Industrial Partners (60%) and Aker ASA (40%). The sale will allow Aker BioMarine to focus on human health and nutrition while planning to issue an extraordinary dividend of NOK 35 to NOK 45 per share. Aker ASA anticipates net cash proceeds from the transaction to be between NOK 0.8 and NOK 1.5 billion after investments and loans to the new entity.

For further insights into AKAAF stock, check out TipRanks’ Stock Analysis page.

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