Aker Yards is set to sell a 70% stake of three of the yards in its merchant vessel branch to Russian-owned investment company FLC West for $453M. Ownership of the company’s yards in Wismar and Warnemünde will be transferred to Aker Yards Ukraine Holding before the transaction is completed. Aker Yards will retain 30% of the new holding company.
Aker sells merchant vessel assets
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Tue 25 Mar, 2008
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