Akastor ASA: Third Quarter Results 2017
Completed the transaction to sell KOP Surface Products to the Weir Group PLC, releasing approximately NOK 1 billion in cash
EBITDA of NOK 54 million, including several special items with a total negative value of NOK 79 million
Net debt reduced by NOK 0.9 billion to NOK 2.4 billion, including financial leases of NOK 1.4 billion
MHWirth awarded contract for drilling equipment package to the West White Rose Extension Project in October
Chief Financial Officer
Tel: +47 917 86 291
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.