Aker Solutions’ merger with Kvaerner is set to go ahead after receiving the green light from regulators.
Final board approval from both engineering companies is now expected after all necessary government and third-party consents were obtained.
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Aker Solutions will absorb all the assets, rights and obligations of Kvaerner and Kvaerner will be dissolved.
Eligible shareholders in Kvaerner will receive 0.8183 Consideration Share for each share in Kvaerner they own on completion of the merger, expected to take place tomorrow.
Aker Solutions announced plans in July to spin off its offshore wind and carbon capture businesses to shareholders and merge with Kvaerner to create an optimised supplier company.