Aker Holding
Encyclopedia
Aker Holding is a holding company
that owns 40.27% of Aker Solutions. It manages the ownership of four major owners in the company, through a common agreement to insure negative control over the company.
Ownership:
6.4 billion for the transaction.
The purpose of creating this company, is to keep Aker Solutions,as part of important and valuable Norwegian technology, in Norway for the next 10 years. The partners of Aker Holding can not sell their part of the holding company for at least 10 years.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
that owns 40.27% of Aker Solutions. It manages the ownership of four major owners in the company, through a common agreement to insure negative control over the company.
Ownership:
- Aker ASAAker ASAAker ASA is a Norwegian holding company engaged in offshore fishing, construction and engineering. The company is listed on Oslo Stock Exchange and is controlled by Kjell Inge Røkke with 66.66% ownership through TRG Holding...
(60.0%) - Norwegian Ministry of Trade and IndustryNorwegian Ministry of Trade and IndustryThe Royal Norwegian Ministry of Trade and Industry is a Norwegian ministry responsible for business, trade and industry. It is led by Trond Giske . The department must report to the legislature, Storting.-History:The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created...
(30.0%) - SAABSaabSaab AB is a Swedish aerospace and defence company, founded in 1937. From 1947 to 1990 it was the parent company of automobile manufacturer Saab Automobile, and between 1968 and 1995 the company was in a merger with commercial vehicle manufacturer Scania, known as Saab-Scania.-History:"Svenska...
(7.5%) - InvestorInvestor ABInvestor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their foundation asset management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. In 2006 it had...
(2.5%)
Background
On June 22, 2007 Aker ASA and the Government of Norway announced the creation of the holding company. Aker ASA would transfer its entire ownership of the company to the holding company, and sell 40% of the holding company. Aker received NOKNorwegian krone
The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...
6.4 billion for the transaction.
The purpose of creating this company, is to keep Aker Solutions,as part of important and valuable Norwegian technology, in Norway for the next 10 years. The partners of Aker Holding can not sell their part of the holding company for at least 10 years.