Aker Solutions has transferred its offshore wind development business to Aker Offshore Wind Holding and plans to issue 340,136,054 shares in the new company via a private placement to raise about Nkr500m (€47m).
Following completion of the private placement, Aker Offshore Wind Holding is expected to be admitted to trading on the Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange.
Aker Solutions said the placement is directed towards certain investors subject to, and in compliance with, applicable exemptions from relevant prospectus or registration requirements.
Carnegie and Skandinaviska Enskilda Banken have been retained as joint lead managers and joint bookrunners in the private placement.
Sparebank 1 Markets has been retained as co-manager.
The shares in Aker Offshore Wind are priced at Nkr1.47 each, which corresponds to a pre-money value of the equity of Aker Offshore Wind of approximately Nkr400m, Aker Solutions said.
The bookbuilding period for the private placement started on 12 August and will close on 13 August at 16:30 (CEST).
Aker Offshore Wind reserves the right to close or extend the bookbuilding period at any time and for any reason at its sole discretion and without notice.