Reference is made to the stock exchange release dated 27 August 2020 regarding
the restructuring of DDW Offshore AS (previously named DOF Deepwater AS). Final
agreements consistent with the key principles set out in the release have been
entered into by all parties. Effective from 9 October 2020, Akastor AS owns all
shares in DDW Offshore AS.
DDW Offshore AS will be consolidated into Akastor Group as a subsidiary as from
Q4 2020.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Mobile: +47 917 59 705
E-mail: oyvind.paaske@akastor.com
Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.
DDW Offshore owns five modern Anchor Handling Tug Supply (AHTS) vessels with
capability to operate and support clients on a world-wide basis. The vessels are
specially designed to perform anchor-handling, towing, and supply services at
offshore oil and gas fields. More information is available at
www.ddwoffshore.com.