The latest announcement is out from Akastor ASA ( (AKKVF) ).
Akastor ASA reported a strong first quarter with notable achievements across its portfolio companies. HMH maintained solid profitability with an adjusted EBITDA of USD 33 million, while AKOFS Offshore increased its ownership stake and completed a significant refinancing deal. DDW Offshore’s agreement to sell Skandi Peregrino is expected to result in a dividend distribution to shareholders. These strategic moves underscore Akastor’s resilience and commitment to value creation despite challenging market conditions.
More about Akastor ASA
Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company operates with a flexible mandate for active ownership and long-term value creation.
YTD Price Performance: 0.45%
Technical Sentiment Signal: Buy
Current Market Cap: $304.1M
For an in-depth examination of AKKVF stock, go to TipRanks’ Stock Analysis page.