Aker Carbon Capture Sells Stake for Liquidation
Deal News | May 09, 2025 | PR Newswire Cision Aker Carbon Capture ASA
Aker Carbon Capture ASA has reached an agreement to sell its 20 percent stake in SLB Capturi to Aker ASA for a cash consideration of NOK 635 million, aligning with a broader strategy to optimize shareholder value. The transaction, valued at NOK 1.83 billion, represents a premium of 15% on the previous closing price. A dividend payment of approximately NOK 1.7 billion is planned following the sale, leading to a proposed company liquidation. Aker ASA's purchase reinforces industrial ownership in the decarbonization-focused SLB Capturi, enhancing shareholder value in a volatile market. The board anticipates the extraordinary general meeting and transaction closure by the end of the third quarter of 2025, with liquidation dividends to follow. SEB and Wikborg Rein Advokatfirma AS are financial and legal advisors for the transaction.
Sectors
- Energy
- Mergers and Acquisitions
- Finance
Geography
- Norway – Both Aker ASA and Aker Carbon Capture ASA are based in Norway, and the transaction is taking place under Norwegian regulation.
Industry
- Energy – The article discusses Aker Carbon Capture, which deals with carbon capture technology, a key component of the energy sector.
- Mergers and Acquisitions – The article centers around a transaction involving the sale of a 20% stake in SLB Capturi, a typical M&A activity.
- Finance – Involves financial transactions, strategic reviews, and dividend distributions relevant to the finance sector.
Financials
- NOK 1.83 billion – Total transaction value for the sale of 20% ownership in SLB Capturi.
- NOK 635 million – Cash consideration received by Aker Carbon Capture from the sale.
- NOK 1.7 billion – Proposed dividend to be distributed to shareholders from existing cash and sale proceeds.
- 15% – Premium over the previous day's closing price for the transaction.
- NOK 3.03 per share – Implied transaction value per share for Aker Carbon Capture.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aker Carbon Capture ASA | Target Company | Company | The company selling its 20% ownership interest in SLB Capturi. |
| Aker ASA | Buyer | Company | The buyer acquiring the 20% stake in SLB Capturi from Aker Carbon Capture. |
| SLB Capturi | Joint Venture | Company | The entity in which Aker Carbon Capture holds a 20% stake. |
| Aker Capital AS | Subsidiary of Buyer | Company | A subsidiary of Aker ASA involved in the acquisition process. |
| ACC HoldCo | Acquiring Subsidiary | Company | Aker Capital AS's subsidiary acquiring the 20% stake in SLB Capturi. |
| SEB | Financial Advisor | Company | Provided financial advisory services to Aker Carbon Capture. |
| Wikborg Rein Advokatfirma AS | Legal Advisor | Company | Provided legal counsel to Aker Carbon Capture for this transaction. |
| Karl Erik Kjelstad | Chairman of Aker Carbon Capture | Person | Commented on the transaction's impact on shareholders. |
| Øyvind Eriksen | President and CEO of Aker ASA | Person | Provided statements regarding the transaction and its value. |