Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS (“DDW Offshore") has today completed the sale of “Skandi Atlantic” for a purchase price of USD 22.75 million. The agreement was entered into on Saleform 2012 terms, suitably amended, and the transfer took place today concurrently with charterer’s consent, which was a condition precedent for completion under the sales agreement.
USD 8 million of the purchase price will be used to repay a proportional portion of DDW Offshore’s debt. Remaining debt with DDW Offshore will be USD 16 million.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
oyvind.paaske@akastor.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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About DDW Offshore:
DDW Offshore owns two modern Anchor Handling Tug Supply (AHTS) vessels (Skandi Emerald and Skandi Peregrino) with capability to operate and support clients on a world-wide basis. The vessels are specially designed to perform anchor-handling, towing, and supply services at offshore oil and gas fields.
For further information, please visit homepage: https://www.ddwoffshore.com
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.