Aker ASA: Restructuring of Norske Skog

3/21/2018, 10:01 AM (Source: GlobeNewswire)

Reference is made to the stock exchange notice dated 23 November 2017 where Aker ASA ("Aker") announced that Aker Capital AS ("Aker Capital"), a wholly owned subsidiary of Aker, and Oceanwood Capital Management LP ("Oceanwood") had entered into an agreement to establish a company for the purpose of bidding for the shares in Norske Skog AS ("Norske Skog").

Aker Capital and Oceanwood have decided to terminate their agreement. The parties did not come to an agreement regarding the terms of a joint bid for Norske Skog. Oceanwood has informed Aker Capital that it has proceeded in the process without Aker Capital. Aker Capital will not place an independent bid for Norske Skog.


For further information, please contact:

Per Kristian Reppe, Investment Manager & Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 900 33 203 

Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878

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

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker ASA via Globenewswire

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