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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:0896M Kvaerner ASA 24 October 2001 Kvaerner Board approves sale of activities to Yukos Oil LONDON, 24 OCTOBER 2001: The Board of Kvaerner ASA, the Anglo-Norwegian engineering and construction Group, today approved the agreement in principle to sell Kvaerner Hydrocarbons and Kvaerner Process Technology to Yukos Oil Company of Russia for a cash consideration of US$100 million. The agreement in principle, which was announced on 22 October this year, was made subject to approval by the current Kvaerner Board. It is also subject to approval by the new Kvaerner Board, which is expected to be elected on 2 November, as well as a final agreement and certain other necessary approvals. The final sale agreement is expected to be entered into by the end of November and the sale completed soon thereafter. For further information: Paul Emberley, Vice President, Group Communications, Kvaerner PLC: +44 (0)20 7339 1035 or +44 (0)7768 813090 or paul.emberley@kvaerner.com Notes to editors: Kvaerner is a world-class Anglo-Norwegian engineering and construction Group. It meets the needs of its customers by adding value to their business - through the provision of innovative, cost-effective solutions - for challenges in the hydrocarbons, process and metals industries. The Group's activities are currently organised in two core business areas: E&C (Engineering and Construction), and Oil & Gas. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues in excess of US$6 billion, with some 35,000 permanent staff located in almost 35 countries throughout Europe, Africa, Asia and the Americas.
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