Akastor ASA: Akastor agrees to sell Fjords Processing to National Oilwell Varco
Akastor ASA (OSE: AKA), an oil service investment company, has entered into a definitive agreement to sell Fjords Processing ("Fjords") to National Oilwell Varco ("NOV") for a consideration of NOK 1,200 million on a debt- and cash-free basis. Fjords is a global leader in complete process support systems for gas, oil and water, and has under Akastor's ownership, streamlined operations, expanded its footprint in key regions, and produced record financial results. "We are proud of what the Fjords organization has accomplished in recent years with improved operational performance and