November 24, 2016: Akastor ASA (OSE: AKA), an oil service investment company, announced today that the Agreement with MITSUI & CO., LTD ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and Mitsui/MOL has now been approved and concluded according to the terms and conditions described in the press release of September 20, 2016.
Akastor, Mitsui and MOL announces closing of joint venture transaction