Police Investigation in Moscow
30 March 2007 - Russian police came to the Aker Kvaerner Engineering & Technology representation office in Moscow to inquire about a complaint from a former Russian business partner regarding Aker Kvaerner Engineering & Technology's acquisition of 56 percent ownership in Astrakhan Korabel. The inquiry concerns Aker Kvaerner Engineering & Technology's acquisition of shares from the Finnish company RR Offshore Oy.
"The acquisition was conducted in accordance with Aker Kvaerner's contractual rights under credit facility and pledge agreements with RR Offshore Oy and in accordance with all relevant laws and regulations," says Martinus Brandal, President & CEO, Aker Kvaerner.
There were 14 employees working in the office when the police started investigation, of them 11 Russian citizens and three Norwegians.
Aker Kvaerner is a reputed international project, engineering and technology company in the oil and gas industry. As a publicly listed company, Aker Kvaerner manages its assets responsibly.
"The North Caspian Sea is an important market for Aker Kvaerner and we are already delivering projects in this market. We are confident about the continued development of this region and we intend to strengthen our presence there," says Martinus Brandal.
ENDS
For further information, please contact:
Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.
The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 23 000 people in about 30 countries.
Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 55 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com