Halliburton Closing In on Acquisition of Aker Solutions

Kjell Inge Røkke

The US oilfield services major Halliburton is said to be close to strike a deal to acquire Norwegian oil services company, Aker Solutions.

According to Norwegian media reports, with reference to an article in the Norwegian Financial daily Finansavisen, the Aker Group, owned by Kjell Inge Røkke, is about to sell its oil services business.

Earlier reports, citing people familiar with the matter, have speculated that Norwegian billionaire Rokke is considering the sale of Aker Solutions, and that the negotiations with Halliburton have been going on for a while.

A spokesperson from Aker ASA was quoted that the Norwegian investment firm will neither confirm nor deny its talks, but also added that it does not plan to announce any news regarding its holdings in Aker Solutions.

Aker Solutions’ shares opened today close to 15 percent higher at NOK 54.8 (previous close NOK 47.7) and are being traded between NOK 53.8 and NOK 56 on Oslo Stock Exchange.

Aker Solutions ended the 2016 in profit of NOK 152 million, down some 60 per cent from profit in 2015.

Subsea World News Staff

Share this article

Follow Subsea World News

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >

OMC 2017

OMC mission is serving all people interested in the Mediterranean Offshore Industry…

read more >

Ocean Business 2017

Ocean Business 2015 was phenomenally successful, with visitor numbers up an incredible 29%. The overall attendance was a staggering 4,589…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >