Aker Solutions ASA: Update on Nordsee Ost Arbitration
March 5, 2021 – Aker Solutions has received the final ruling from an arbitration tribunal in Germany in a proceeding between Aker Solutions and a German multinational energy company. The proceedings concern the legacy project Nordsee Ost which was delivered by Kvaerner in 2013. The ruling entitles Aker Solutions to receive a recoverable cash amount of approximately EUR 67 million, of which approximately EUR 23 million relates to interest. This amount and the financial effects thereof will be recognized in Aker Solutions’ accounts when final payment has been received, expected to take place in