Aker Carbon Capture Executes Major Restructuring Ahead of Planned Dissolution

In a significant corporate reorganization preceding its scheduled liquidation and stock exchange delisting, Aker Carbon Capture is undergoing a substantial internal restructuring. Parent company Aker Horizons is realigning its ownership stake in what appears to be a final strategic maneuver before the publicly traded entity ceases operations.

Internal Share Transfer and Regulatory Exception

As part of a broader corporate reorganization, Aker Horizons Holding AS has transferred its entire 43.27% stake in Aker Carbon Capture to its wholly-owned subsidiary, Aker Horizons Midco AS. The transaction, which involved 261,438,859 shares, was disclosed after market close on Monday.

Notably, Norwegian financial regulators granted Aker Horizons Midco AS an exemption from mandatory offer obligations that typically would have been triggered by such a substantial ownership transfer. This regulatory waiver highlights the internal nature of the restructuring within the Aker corporate group.

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Final Steps Toward Corporate Dissolution

This ownership reorganization follows shareholder approval for the company’s liquidation and delisting from Euronext Oslo, which was secured during an extraordinary general meeting held on August 5. The decision to wind down operations emerged from strategic developments in the second quarter of 2025.

The company previously divested its 20% stake in joint venture SLB Capturi AS, distributing the proceeds to shareholders as a special dividend of NOK 2.86 per share on June 20. This distribution returned approximately NOK 1.7 billion to investors.

Timeline and Next Steps

The liquidation process remains on track for completion during the second half of 2025, with the recent internal share transfer having no impact on this schedule. Investors should anticipate further official communications regarding the final stages of the liquidation process and the specific delisting date. Any remaining cash reserves will be distributed to shareholders through liquidation dividends.