Akastor ASA: Settlement of USD 20m seller's credit

Jun 30, 2023

PR Newswire

FORNEBU, Norway, June 30, 2023

FORNEBU, Norway, June 30, 2023 /PRNewswire/ -- Reference is made to the stock exchange announcement on 29 November 2022 by Akastor ASA (OSE: AKAST) ("Akastor") regarding the sale by Akastor of certain preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2 million purchase price was to be settled pursuant to a seller's credit arrangement with maturity date 31 July 2024. Following a recent refinancing in Odfjell Drilling, the USD 20 million seller's credit has now been fully and finally settled.

For further information, please contact:

Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
[email protected]

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 the Norwegian Securities Trading Act.

View original content:https://www.prnewswire.com/news-releases/akastor-asa-settlement-of-usd-20m-sellers-credit-301867971.html

SOURCE Akastor ASA

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