Akastor ASA: Second Quarter and Half Year Results 2024

Akastor CEO Karl Erik Kjelstad comments:

"We were very pleased to see the DRU arbitration come to a final conclusion in the second quarter. The award was a significant milestone, enabling us to eliminate all corporate debt and place Akastor in a net cash position. Proceeds received from DRU has enhanced our financial flexibility and better positions Akastor for future distributions to shareholders. We were also excited about HMH filing for a potential US IPO. Despite no guarantee that a listing will be conducted, the filing is an important step for Akastor towards obtaining market pricing of HMH as well as making our holding more liquid."

The second quarter presentation and half year report are attached to this release and also available at www.akastor.com. 

Media Contact

Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: [email protected] 

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 of the Norwegian Securities Trading Act.

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