News

Norway

Aker Solutions Sells Holding in Odim

Aker Solutions has entered into an agreement to sell its 33 percent stake in Odim to Rolls-Royce. The sale gives Aker Solutions a profit of close to NOK 125 million, including dividends paid out by Odim in May. Aker Solutions announced the acquisition of 33 percent of Odim shares on 2 April this year. Aker Solutions has an established co-operation with Odim for deliveries of total solutions within light drilling and light well intervention.

There were other interested parties in the market in April, when Aker ASA sold their stockholding in Odim to Aker Solutions. That interest led to an agreement with Aker on profit sharing (50/50) if the shares were resold during the following year.

Aker Solutions‘ sale of Odim shares to Rolls-Royce is pending clearance by Norwegian competition authorities.