Welcome to our dedicated page for Aker Horizons ASA news (Ticker: AKHOF), a resource for investors and traders seeking the latest updates and insights on Aker Horizons ASA stock.
Aker Horizons ASA (AKHOF) is a Norwegian company focused on green energy, carbon capture and sustainable industrial assets, and it is part of the Aker group. News related to Aker Horizons often reflects developments in these areas, as well as updates from its portfolio companies.
One highlighted portfolio company is Aker Carbon Capture ASA (ACC), which specializes in carbon capture technology. News about Aker Horizons can therefore include announcements from Aker Carbon Capture, such as proposed dividends and transactions that affect Aker Horizons through its ownership stake. For example, when Aker Carbon Capture’s Board proposed an extraordinary cash dividend, Aker Horizons reported the expected distribution based on its 43.27% ownership.
Investors and observers following Aker Horizons news can expect coverage of corporate actions involving its portfolio, including transactions in the carbon capture segment and developments linked to the SLB Capturi joint venture formed by combining carbon capture businesses from Aker Carbon Capture and SLB. Such items can influence Aker Horizons’ financial position and exposure to decarbonization projects.
This news page aggregates company-related press releases and other coverage tied to Aker Horizons’ role in renewable energy, carbon capture and sustainable industrial assets. Readers who track the transition to Net Zero and the activities of the Aker group may find this news flow useful for understanding how Aker Horizons’ portfolio and ownership positions evolve over time.
Aker Carbon Capture (AKHOF) has announced a proposed extraordinary cash dividend of NOK 3.5 billion, with Aker Horizons expected to receive approximately NOK 1.5 billion based on its 43.27% ownership stake. This follows the completion of a transaction in June 2024 where ACC combined its carbon capture business with SLB in a joint venture, now called SLB Capturi, where ACC maintains a 20% ownership while SLB holds 80%.
The company recorded a gain of NOK 4.9 billion from the sale in its consolidated accounts. ACC will maintain sufficient cash reserves post-dividend to support its minority owner responsibilities in SLB Capturi and back its pro-rata guarantee exposure for pre-JV projects. The proposed dividend requires approval at an extraordinary general meeting scheduled for March 7, 2025.