Russian/Aker investment puzzle

Subscriber story Fri 28 Mar, 2008 | Posted in: Builders
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Aker YardsThree north European shipyards are the centre of an investment riddle involving Aker and a middle-ranking Russian aircraft leasing company. At first glance the Russian state-owned aircraft leasing company Financial Leasing Corp (FLC) is an unremarkable and apparently cash-poor organisation. But in a deal with Oslo-based Aker it has bought into Ukrainian and German shipyards through a Luxembourg-registered affiliate, paying €291.9M ($461.5M) in the process.

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