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Aker ASA: Invited into the restructuring of Norske Skog

23.11 2017 08:05

Aker Capital AS ("Aker"), a wholly owned subsidiary of Aker ASA, and Oceanwood Capital Management LP ("Oceanwood"), have entered into an agreement to establish a company for the purpose of bidding for the shares in Norske Skog AS ("the Company"), a subsidiary of the listed Norske Skogindustrier ASA, in an auction process. The Company is the holding entity of Norske Skog's operating subsidiaries. Oceanwood is a creditor in the Company, and holds all of the NSF securitisation facility and a majority of the senior secured notes (the SSN). Aker and Oceanwood will be 50/50 owners of the new company.

After Aker has presented its Q3 results at Fornebuporten, at approximately 09:30 CET, Oceanwood and Aker will be available for a Q&A session.

Attachments:
Joint press release
Aker invited into the restructuring of Norske Skog

For further information, please contact:

Investors:
Per Kristian Reppe, Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 90 03 32 03

Media:
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 90 78 48 78

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.