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KKR to Acquire Norway-based Ocean Yield in €689m Deal
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KKR to Acquire Norway-based Ocean Yield in €689m Deal
Business
Date posted: 16.09.2021
Category: Business News
Global investment firm KKR is investing about NOK7.2bn (€688.6m) to buy Ocean Yield, a Norway-based ship owning company with investments in vessels on long-term charters.
Octopus Bidco, a company owned by KKR funds, is offering the Oslo Stock Exchange-listed owner’s shareholders NOK41 for each share.
The amount per share being offered represents a premium of 26% to shares’ last closing price of NOK32.54. Aker Capital, which owns 61.65% stake in Ocean Yield, has undertaken to accept the offer.
Source: IPE Real Assets