Mainstream and Aker Offshore Wind Merger Completed

August 16, 2022

Credit: Aker Offshore Wind
Credit: Aker Offshore Wind

The transaction to combine Mainstream Renewable Power and Aker Offshore Wind to form a renewable company with a 27 GW portfolio has closed. The deal was first announced on July 12.

Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co., Ltd. and Irish minority shareholders, to integrate Aker Horizons’ wholly-owned subsidiary Aker Offshore Wind into the Mainstream group. The transaction has now closed, Aker Offshore Wind said Tuesday.

In parallel with the combination of the two companies, a number of Mainstream’s minority shareholders participated in a further issuance of shares, raising approximately EUR 6 million in new capital.

Following the closing of the transaction, Aker Horizons' ownership in Mainstream is approximately 58.4 percent, Mitsui & Co., Ltd. 24.9 percent, with the remaining shares being held by Irish minority shareholders.




Current News

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

DOF Subsea Nets U.S. Gulf of Mexico Work

DOF Subsea Nets U.S. Gulf of Mexico Work

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

Subscribe for OE Digital E‑News

Offshore Engineer Magazine