Norwegian based Aker Yards' sale of 70% stakes in two German and one Ukrainian shipyards to Russian-controlled FLC West for euros248.9m (US$ has been completed. Aker says that the deal has been approved by all relevant regulatory authorities. It adds: “The transaction strengthens Aker Yards' financial capacity and liquidity, and it improves the potential for further development of the three involved yards.”
Aker Yards has comprised 18 shipyards around the world. Explaining the rationale for selling Aker says: “The three yards focus on building merchant ships, increasingly with specialised technologies and with features for operations in Arctic conditions. The co-ownership with the Russian FLC West creates opportunities to further pursue the growing Russian market for specialised vessels.” "We are pleased that we have now concluded this transaction. The transaction values reflect a balanced evaluation of the qualities, expertise and further potential in the organisation and in the facilities, as well as of the current and expected financial performance", says Ole Heggheim, Chief Financial Officer with Aker Yards.
Aker Yards has comprised 18 shipyards around the world. Explaining the rationale for selling Aker says: “The three yards focus on building merchant ships, increasingly with specialised technologies and with features for operations in Arctic conditions. The co-ownership with the Russian FLC West creates opportunities to further pursue the growing Russian market for specialised vessels.” "We are pleased that we have now concluded this transaction. The transaction values reflect a balanced evaluation of the qualities, expertise and further potential in the organisation and in the facilities, as well as of the current and expected financial performance", says Ole Heggheim, Chief Financial Officer with Aker Yards.