Sells parts of ownership in Merchant Vessels business area for EUR 292 million, positioning for Russian market

Aker Yards ASA sells 70 percent of the ownership in three of the yards within its business area Merchant Vessels to FLC West, a Russian owned investment company. Aker Yards receives EUR 291.9 million in payment from FLC West. It is expected that the new jointly owned unit will deliver modern vessels to meet the growing demand by Russian companies in hydrocarbons exploration, production and transportation for specialised ships.