Aker Solutions Updates Key Financial Information for the New Aker Solutions and Akastor
September 2, 2014 - Aker Solutions is providing updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split of the business at the end of September.
The updated financial information reflects a decision in August by the board of directors to transfer the Aker Geo AS business unit to Akastor instead of keeping it within the new Aker Solutions as previously announced. The figures have also been revised because of continued work to reflect the financial performance of the two new companies as accurately as possible. Financial information on Aker Geo is included in the real estate and other holdings reporting segment in the attached financial information on Akastor.
Stavanger-based Aker Geo has about 65 permanent employees including geologists, geophysicists and reservoir engineers. It provides geological and geophysical interpretation, petrophysics, reservoir modelling and simulation, production technology and operation and wellsite geology. The Aker Solutions board decided to transfer Aker Geo to Akastor based on an assessment that synergies with Aker Solutions were limited and that Akastor would be a better owner for the unit.
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: firstname.lastname@example.org
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel: +44 208 811 7111, Mob: +44 7788 338 887, E-mail: email@example.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.