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    Aker Maritime buys into Kværner

    News // July 14, 2000
    Aker Maritime ASA has purchased subscription rights, shares and options in Kværner ASA which together amount to 26.39 per cent of the company after the current rights issue, leading to speculation that there may be a merger of the oil and gas interests of the two companies.

    Before the transaction Aker Maritime did not own shares or subscription rights in Kværner. However, Aker Maritime notes that both it and Kværner have a strong international market position and leading-edge technology, not least in oil and gas related industrial activities.

    Aker Maritime says it sees "many interesting opportunities in Kværner, and... wishes to contribute to the further development of its operations both in Norway and internationally".

    As a Kværner shareholder, Aker Maritime says it will seek to identify and realise new opportunities for activity in the company in close dialogue with other shareholders, management and employees in the group.

    The interest in Kvaerner acquired by Aker Maritime includes all shares previously held by the Bergesen group.

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