Axactor and Geveran enter into binding agreements for the establishment of the Portfolio Investment Company
Oslo, 24 October 2017 - Reference is made to the announcement of 14 August 2017 that Axactor AB (publ) ("Axactor") and Geveran Trading Co. Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family ("Geveran"), had signed a letter of intent regarding the establishment of a jointly owned portfolio investment company (the "Portfolio Investment Company"). Axactor is pleased to announce that the investment partnership agreement (the "Investment Partnership Agreement") for the establishment of the Portfolio