Akastor ASA: Akastor completes sale of KOP Surface Products to The Weir Group PLC

  • July 27, 2017
  • 17:30
  • Press release
  • Stock exchange release

Fornebu, July 27, 2017: 


Reference is made to the stock exchange release dated June 12, 2017 regarding Akastor's agreement to sell KOP Surface Products to The Weir Group PLC.  All closing conditions have been fulfilled.  The closing of the transaction took place on July 27, 2017 according to the terms and conditions described in the release.

The transaction will generate an estimated accounting gain of approximately NOK 700 million to Akastor to be recognized in the third quarter results.

BA-HR lawfirm has acted as legal advisor.

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Media Contact:

Akastor

Tore Langballe, Head of Communications and IR

+47 907 77 841

tore.langballe@akastor.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.