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Aker completes private placement

Aker completes private placement
NORWEGIAN registered company Aker Philadelphia Shipyard ASA says it has successfully completed a previously announced private placement and has raised NKr 137.5m (US$25m) in new equity.

AKER PHILADELPHIA COMPLETES PRIVATE PLACEMENT

NORWEGIAN registered company Aker Philadelphia Shipyard ASA says it has successfully completed a previously announced private placement and has raised NKr 137.5m (US$25m) in new equity. In addition to the issue of new shares, Aker American Shipping has sold all its 7,600,000 shares in Aker Philadelphia Shipyards.

This completes the split of Aker American Shipping"s ship owning and shipbuilding activities.

Dave Meehan, President and CEO of Aker Philadelphia Shipyard says in a statement: ?The successful split is an important strategic milestone. The clear benefits of splitting will now be realized for both Aker Philadelphia Shipyard and Aker American Shipping. We will work hard on realizing the unique opportunities in the Jones Act market.?

www.TurkishMaritime.Com.tr

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