Akastor has an agreement to transfer 50% of its shares in AKOFS Offshore to Mitsui & Co. and Mitsui O.S.K. Lines, forming a joint venture ownership.
Offshore staff
OSLO, Norway – Akastor has an agreement to transfer 50% of its shares in subsea well services/intervention contractor AKOFS Offshore to Mitsui & Co. and Mitsui O.S.K. Lines, forming a joint venture ownership.
The share transfer will involve an initial cash payment to Akastor of $142.5 million with the deal including preferential rights linked to the operation of the well intervention vesselAKOFS Seafarer.
