Akastor ASA and Baker Hughes complete merger between MHWirth and SDS

As part of the transaction, Akastor has today received a net cash consideration of approximately USD 78 million constituting the agreed consideration to Akastor of USD 100 million less specific transaction adjustment factors. As part of the transaction, Akastor has today received a net cash consideration of approximatelyUSD 78 millionconstituting the agreed consideration to Akastor ofUSD 100 millionless specific transaction adjustment factors. The transaction will be recognised in...

As part of the transaction, Akastor has today received a net cash consideration of approximately USD 78 million constituting the agreed consideration to Akastor of USD 100 million less specific transaction adjustment factors.

The transaction will be recognised in Akastor's Q4 financials.

For more information on HMH, please visit their website www.hmhw.com

For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
[email protected]

This information is subject to the disclosure requirements in section 5.12 of the Norwegian Securities Trading Act.

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.

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https://news.cision.com/akastor-asa/r/akastor-asa-and-baker-hughes-complete-merger-between-mhwirth-and-sds,c3425632