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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kvaerner Asa | LSE:KVR | London | Ordinary Share | NO0004684408 | ORD NOK12.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3153N Kvaerner ASA 19 November 2001 Kvaerner completes sale of activities to Yukos LONDON, 19 NOVEMBER 2001: Kvaerner, the international engineering and construction Group, and Yukos Oil Company, the Russian oil company, today announced that they have now completed the sale and purchase, respectively, of the activities known as 'Kvaerner Hydrocarbons' and 'Kvaerner Process Technology', - all necessary approvals having now been granted by Kvaerner's lenders. The total consideration for the sale amounts to US$100 million, of which US$50 million has been paid in cash, following an earlier deposit payment of US$5 million. The balance of US$45 million will be paid to Kvaerner on 30 November 2001. The subsidiary 'Kvaerner Heurtey' is excluded from the Kvaerner Process Technology sale, as are a small number of contracts from the Kvaerner Hydrocarbons sale. Under the terms of the sale, Kvaerner will license to Yukos its rights to use the brand names, 'Davy' and 'John Brown'. ENDS For more information: Paul Emberley, Vice President Group Communications: +44 (0)20 7339 1035 or +44 (0)7768 813090 or paul.emberley@kvaerner.com Note to editors: Kvaerner is a world-class engineering and construction group. The Group's activities are organised in two core business areas: E&C (engineering and construction), and Oil & Gas. It also has interests in shipbuilding and the provision of services to the pulping industry. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues of more than US$6 billion, with some 35,000 permanent staff located in some 35 countries throughout Europe, Africa, Asia and the Americas.
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