Aker sees no grounds to alter Aker Solutions deal

Entrepreneur and industrialist Kjell Inge Røkke is Aker ASA’s main owner. He has been a driving force in the development of Aker since the 1990s. Photo: NRK.

OSLO, April 8 (Reuters) – Norwegian industrial group Aker ASA (AKER.OL) said on Wednesday it saw no grounds for altering or revoking a $250 million asset sale to Aker Solutions despite the industry minister’s view that the deal was untenable.

Trade and Industry Minister Sylvia Brustad said the deal should have been submitted to Aker Solutions’ general meeting of shareholders, and because it was not, the government — a shareholder in Aker Solutions — did not consider it binding.

DnB NOR Markets has put Aker Solutions on “watch negative” following Aker Solutions’ agreement last week to buy assets from Aker ASA, DnB NOR said in a research note received Tuesday.

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