ABL Group ASA (OB:ABL) agreed to acquire AGR Petroleum Services Holdings AS from Akastor ASA (OB:AKAST) for approximately NOK 350 million on March 20, 2023. The transaction is subject to approval of the issuance of the Consideration Shares by an extraordinary general meeting (EGM) in ABL Group. The transaction is expected to close mid-April 2023.

ABL Group ASA (OB:ABL) completed the acquisition of AGR Petroleum Services Holdings AS from Akastor ASA (OB:AKAST) on April 18, 2023. ABL Group issued 18,166,667 shares to Akastor's wholly owned subsidiary RGA Energy Holdings AS ("RGA Energy"), of which 2/3 will be transferred to Nordea and DNB (with 1/3 issued to each bank) as settlement of the loans they previously had against AGR AS. RGA Energy will retain 1/3 of the consideration shares 6,055,556 which equals an ownership share in ABL of about 4.9%. All consideration shares are subject to a 12 month lock-up period. As a part of cash consideration NOK 5.3 million remained for payment at completion.