Aker Holding is a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

that owns 40.27% of

Aker Solutions Aker Solutions ASA, an engineering company based in Oslo, provides the products, systems and services required to unlock energy from sources such as oil, gas, offshore wind and capture. The company, founded in 1841, was known as Aker Kværner u ...

. It manages the ownership of four major owners in the company, through a common agreement to insure

negative control A scientific control is an experiment or observation designed to minimize the effects of variables other than the independent variable (i.e. confounding variables). This increases the reliability of the results, often through a comparison betwe ...

over the company. Ownership: *

Aker ASA Aker ASA is a Norwegian industrial investment company with ownership interests concentrated in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology, and industrial software. The company is listed on Oslo St ...

(60.0%) *

Norwegian Ministry of Trade and Industry The Royal Norwegian Ministry of Trade and Industry (Norwegian: Nærings- og handelsdepartementet) was a Norwegian ministry responsible for business, trade and industry. On 1 January 2014 it was merged into Ministry of Trade, Industry and Fisheries. ...

(30.0%) *

SAAB Saab or SAAB may refer to: Brands and enterprises * Saab Group, a Swedish aerospace and defence company, formerly known as SAAB, and later as Saab AB ** Datasaab, a former computer company, started as spin off from Saab AB * Saab Automobile, a fo ...

(7.5%) *

Investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some specie ...

(2.5%)

Background

On 22 June 2007 Aker ASA and the Government of Norway announced the creation of the holding company. Aker ASA would transfer its entire ownership of the company to the holding company, and sell 40% of the holding company. Aker received

NOK Nok is a village in Jaba Local Government Area of Kaduna State, Nigeria. The village is an archeological site. Archaeology The discovery of terracotta figurines at this location caused its name to be used for the Nok culture, of which these ...

6.4 billion for the transaction. The purpose of creating this company is to keep

part of important and valuable Norwegian technology, in Norway for the next 10 years. The partners of Aker Holding can not sell their part of the holding company for at least 10 years.

References

External links

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{{Aker Group Aker ASA Holding companies of Norway Companies based in Oslo Holding companies established in 2007 Norwegian companies established in 2007