Kjell Inge Rokke-led Aker is emerging from the just-completed restructuring of Farstad Shipping with a nearly 18.8% stake in the Oslo-listed offshore vessel owner.
After Farstad announced that it sealed the deal today, Aker subsidiary Ocean Yield said has subscribed to NOK 110m ($12.9m) worth of shares as part of the debt-for-equity deal aimed at clearing the way for an eventual merger with rivals Solstad Offshore and Deep Sea Supply.
Ocean
