Simultaneously with the above-mentioned completion, the remaining two shareholders Akastor and Mitsui O.S.K. Lines, Ltd. (“MOL”) have entered into a new shareholders agreement effective as from today. Additionally, Akastor and MOL have today entered into a separate transaction agreement for transfer of 8.3% of the shares in AKOFS Offshore from Akastor to MOL, which when completed will give an ownership interest of 2/3 and 1/3, respectively. The transaction is entered into on an “as is “basis, on substantially same commercial terms as Akastor’s acquisition from Mitsui and includes transfer of a proportional portion of the shareholder loans and debt interests relating to AKOFS Offshore. Completion of the transaction is expected to take place later in Q1 2025. AKOFS Offshore will remain as a jointly controlled entity to Akastor.
