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
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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.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akastor ASA via Globenewswire