Fintech PR
Akastor ASA: Settlement of USD 20m seller’s credit
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
Oyvind.paaske@akastor.com
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.co.uk/news-releases/akastor-asa-settlement-of-usd-20m-sellers-credit-301867975.html
