Reference is made to Akastor ASA's (OSE: AKAST) announcements dated 18 and 22 April 2024 on the arbitration award issued in respect of the DRU contracts. The parties to the arbitration have reached an agreement on settlement of the claims that remain unpaid, which includes interest and certain costs, whereby USD 68 million ("Settlement Sum") shall be paid to MHWirth AS as full and final settlement. Payment of the Settlement Sum shall be made within Q2 and comes in addition to the amount mentione
Aker Solutions has been awarded a substantial1 EPCIC-contract by Equinor to upgrade the wastewater treatment plant facilities and lower the environmental impact of the Mongstad refinery on the west coast of Norway.
Reference is made to Akastor ASA's (OSE: AKAST) announcement dated 18 April 2024 on the arbitration award issued in respect of the DRU contracts. Payment of the principal sums awarded, in total USD 108 million (exclusive interest), has now been received.