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Akastor ASA: Restructuring of DDW Offshore completed

Reference is made to the stock exchange release dated 27 August 2020 regarding the restructuring of DDW Offshore AS (previously named DOF Deepwater AS). Final agreements consistent with the key principles set out in the release have been entered into by all parties. Effective from 9 October 2020, Akastor AS owns all shares in DDW Offshore …

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Akastor ASA: Akastor to assume full ownership of a restructured DOF Deepwater AS

DOF Deepwater AS (“DOF Deepwater”), which is jointly controlled by Akastor and DOF ASA (“DOF”) and which has been part of Akastor’s legacy portfolio since the demerger from Aker Solutions in 2014, has today entered into a term sheet with its lenders on a restructuring of its debt that secures continued operations up to second …

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