Reference is made to Akastor ASA's (OSE: AKAST) announcement dated 18 April 2024
on the arbitration award issued in respect of the DRU contracts. Payment of the
principal sums awarded, in total USD 108 million (exclusive interest), has now
been received.
MHWirth AS and Akastor are engaging with the counterparty in respect of the
amount of interest awarded. Reference is made to announcement dated 22 April
2024 in this respect.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
Oyvind.paaske@akastor.com
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Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.