Aker Solutions to absorb Kvaerner, spin off renewable businesses

Aker ASA plans to combine Aker Solutions and Kvaerner, and spin off Aker Solutions' offshore-wind and carbon-capture businesses into a new renewable energy hub called Aker Horizons. Aker also proposes to acquire wind developer NBT AS for NOK 3.1 billion.

“At a time when renewables have developed from niche technologies to global industries, Aker's ambitions exceed the announced spin-offs in Aker Solutions.”worldoil.com

• 3 sources
• worldoil.comAker Solutions, Kvaerner transform to seize renewable-energy opportunitiesMikael Holter, Lars Erik TaraldsenJul 17, 2020
• prnewswire.co.ukContemplated Merger Between Kværner ASA and Aker Solutions ASAKværner ASAJul 17, 2020
• reuters.comNorway's Aker Solutions announces merger with Kvaerner, new CEO | ReutersJul 17, 2020

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