Akastor ASA Acquires Mitsui's Stake in AKOFS Offshore; MOL to Receive 8.3%
January 14, 2025
Akastor ASA has completed the transfer of all of Mitsui & Co., Ltd.'s interests in AKOFS Offshore AS, increasing Akastor's ownership to 75%. Akastor and Mitsui O.S.K. Lines (MOL) have signed agreements under which Akastor will transfer 8.3% of AKOFS Offshore to MOL (on substantially the same commercial terms), resulting in final ownership of two-thirds for Akastor and one-third for MOL while AKOFS Offshore remains a jointly controlled entity.
- Buyers
- Akastor ASA, Mitsui O.S.K. Lines, Ltd.
- Targets
- AKOFS Offshore AS
- Sellers
- Mitsui & Co., Ltd.
- Industry
- Oil & Gas
- Location
- Norway
- Transaction Type
- Buyout
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