Announced

Aker to acquire a 20% stake in SLB Capturi from Aker Carbon Capture for NOK635m.

Synopsis

Aker, a Norwegian industrial investment company, agreed to acquire a 20% stake in SLB Capturi, a company specialised in accelerating industrial decarbonization, from Aker Carbon Capture, a pure-play carbon capture company, for NOK635m. "The creation of SLB Capturi has already delivered substantial value for Aker Carbon Capture shareholders. This transaction with Aker unlocks additional value amid ongoing market uncertainty. It also provides a clear and constructive path forward for our continued strategic collaboration with SLB in the development of SLB Capturi," Øyvind Eriksen, Aker President and CEO.

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