STRATEGIC OWNERSHIP OF AKER KVAERNER TO BE ESTABLISHED
Under the agreements, Aker will transfer its 40.1 percent ownership interest in Aker Kvaerner to the newly established company Aker Holding. Aker will hold a controlling, 60 percent stake in Aker Holding. The Norwegian Government will own 30 percent of Aker Holding, the Swedish technology company SAAB will own 7.5 percent, and the Swedish investment company Investor will hold 2.5 percent.- The agreements are historic. They provide Aker Kvaerner with long-term ownership, in recognition of the company`s excellent employees, technologies, competence, and ability to innovate and execute. The