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Aker Horizons Plans to Merge with Aker Offshore Wind and Aker Clean Hydrogen

Aker Horizons ASA announces merger plans with Aker Offshore Wind AS and Aker Clean Hydrogen AS.

March 31, 2022. By News Bureau

Aker Horizons ASA announces merger plans with Aker Offshore Wind AS and Aker Clean Hydrogen AS:

Aker Horizons and Aker Offshore Wind to combine in an all-stock merger that will reposition AOW as a privately held subsidiary of Aker Horizons, with the intention to combine AOW with its portfolio company Mainstream Renewable Power.

Strong industrial logic for combining AOW and Mainstream, including complementary footprint and capabilities, increased scale, and improved access to financing for AOW projects

Shareholders in Aker Offshore Wind will receive 0.1304 merger consideration shares in Aker Horizons for each share owned in AOW. The exchange ratio is based on the 30 day volume weighted average share price for each of AOW and Aker Horizons

Aker Horizons and Aker Clean Hydrogen to combine in an all-stock merger that will reposition ACH as a privately held subsidiary of Aker Horizons to accelerate the development of large-scale hybrid decarbonization projects, integrating hydrogen production with downstream applications such as green iron

Shareholders in Aker Clean Hydrogen will receive 0.2381 merger consideration shares in Aker Horizons for each share owned in ACH. The exchange ratio is based on the 30 day volume weighted average share price for each of ACH and Aker Horizons

Tags:

Mainstream Renewable Power

Development

Hydrogen

Production