Aker Yards to go ahead with Ukraine deal

Aker Yards has announced that the Ukraine authorities have approved the bid by Russian-controlled, Luxembourg based, investment group FLC West to acquire a 70% stake in three Aker Yards’ shipyards – two in Germany and one in Ukraine. As all approvals from regulatory authorities are now in place, Aker Yards and FLC West will proceed with finalising the transaction within July. Further details regarding the final financial effects of the transaction will be given with the Aker Yards’ second quarter financial result, to be presented on 8 August.