Aker Opposes New Kvaerner Board

Wednesday, April 25, 2001
Aker Maritime opposes a proposed new board for Kvaerner, where Aker owns 17.8 percent. "Aker Maritime has asked Kvaerner's election committee to propose a competent and independent board that freely may consider whether Kvaerner may benefit from a merger between Kvaerner's and Aker Maritime's oil and gas division," it said. "The proposed board does not meet such a request," Aker Maritime said in a statement, saying that the proposed members apparently backed Kvaerner's opposition to its proposed link-up. Aker Maritime wants a wide-ranging link-up between the two companies. Kvaerner earlier on Wednesday presented a proposed new board to be headed by lawyer Harald Arnkvaern. - (Reuters)

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