Reported Earlier, SLB Agrees To Acquire 80% Stake In Aker Carbon Capture For NOK 4.12B, Boosting Decarbonization Efforts
Portfolio Pulse from Benzinga Newsdesk
SLB has agreed to acquire an 80% stake in Aker Carbon Capture (ACC) for NOK 4.12 billion, aiming to enhance decarbonization efforts. This deal combines their technology portfolios, expertise, and project delivery platforms to accelerate disruptive technology in the global market. Post-transaction, SLB will own 80% of the business, with ACC retaining 20%.
March 28, 2024 | 6:20 am
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POSITIVE IMPACT
Aker Carbon Capture's agreement to sell an 80% stake to SLB for NOK 4.12 billion could bring significant resources and expertise to accelerate its carbon capture technologies.
For AKCCF, the deal with SLB not only infuses significant capital but also integrates its carbon capture technology with SLB's global platform and expertise. This partnership is expected to accelerate AKCCF's technology development and market penetration, potentially increasing its value and attractiveness to investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
SLB's acquisition of an 80% stake in Aker Carbon Capture for NOK 4.12 billion marks a significant move towards enhancing its decarbonization efforts and technology portfolio.
The acquisition is likely to be viewed positively by investors as it enhances SLB's position in the decarbonization space, combining its technology and expertise with ACC's. This strategic move could lead to new revenue streams and market opportunities, thus potentially boosting SLB's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90