Aker Solutions Q1 Results 2011
6 May 2011 - Aker Solutions' operating revenues in the first quarter of 2011 were NOK 12 billion, and earnings before interest, tax, depreciation and amortisation amounted to NOK 1.8 billion, including profit from asset sales and non-recurring items. "The streamlining of our business is nearly complete, and Kvaerner is scheduled to be listed on the Oslo Stock Exchange in July. Solid first quarter earnings and gains from strategic asset divestments have generated a NOK 1 billion net cash position.
Proposed Demerger of Aker Solutions
6 April 2011 - In accordance with the strategy previously disclosed, the Board of Directors of Aker Solutions ASA ("Aker Solutions") has resolved to propose to the shareholders of Aker Solutions that Aker Solutions is to be demerged. • The Aker Solutions group's activities relating to its EPC Centre Houston and the union construction businesses in the United States and Canada. Upon completion of the demerger, consideration shares in Kværner will be issued to the shareholders of Aker Solutions. Each share in Aker Solutions will give the right to one consideration share in Kværner.