09.08.2022, 21:01

Transaction Combining Mainstream and Aker Offshore Wind Has Closed

FORNEBU, Norway, Aug. 9, 2022 /PRNewswire/ -- The transaction to combine Mainstream Renewable Power ("Mainstream") and Aker Offshore Wind to create a stronger renewable energy company with a 27 GW portfolio has closed.

As previously communicated on 12 July 2022, Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co., Ltd. and Irish minority shareholders, to integrate Aker Horizons' wholly-owned subsidiary Aker Offshore Wind into the Mainstream group. The transaction has now closed.

In parallel with the combination of the two companies, a number of Mainstream's minority shareholders participated in a further issuance of shares, raising approximately EUR 6 million in new capital.

Following closing of the transaction, Aker Horizons' ownership in Mainstream is approximately 58.4 percent, Mitsui & Co., Ltd. 24.9 percent, with remaining shares being held by Irish minority shareholders.

ENDS

CONTACT:

For further information, please contact:

Ivar Simensen, Communications, Tel: +47 46 40 23 17, ivar.simensen@akerhorizons.com

Christian Yggeseth, Investor Relations, Tel: +47 915 10 000, christian.yggeseth@akerhorizons.com

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https://news.cision.com/aker-horizons/r/transaction-combining-mainstream-and-aker-offshore-wind-has-closed,c3611913


Source: Aker Horizons Related Stocks: Bloomberg:AKH@NO Frankfurt:7QF ISIN:NO0010921232 Oslo:AKH RICS:AKH.OL Stockholm:AKHO