Scandoil  

Akastor, Mitsui and MOL Announce Closing of Joint Venture Transaction


Published Nov 24, 2016
Akastor logo

Akastor ASA, an oil service investment company, has announced that the agreement with MITSUI & CO., LTD and Mitsui O.S.K. Lines, Ltd. (MOL), to create a joint venture with 50/50 ownership between AKOFS Offshore AS and Mitsui/MOL has now been approved and concluded according to the terms and conditions described in the press release of September 20, 2016.

As a consequence, AKOFS will realise a cash gain of USD 66 million, and Akastor will realise an accounting gain of approximately USD 20 million. The accounting gain will be booked in Q4 2016.

Tags: Akastor ASA, MITSUI & CO. LTD, Mitsui O.S.K. Lines Ltd.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml