Aker Kvaerner has entered into an agreement which gives full ownership of Finnish RR Offshore and ends the co-operation between Aker Kvaerner and its former Russian partner ST Holdings. As part of the agreement, Aker Kvaerner sells its shares in the Astrakhan Korabel yard to ST Holding. The parties have agreed to not disclose any transaction values. RR Offshore OY is a Finnish engineering and project management company with considerable experience in Russia and the North Caspian region. From before, Aker Kvaerner owned 26 per cent of the shares in the company. Aker Kvaerner is actively positioning itself for future projects in Russia and the Caspian region.