Norwegian oil-services investment company Akastor has acquired Mitsui & Co’s interests in AKOFS Offshore, a vessel-based subsea well construction and intervention specialist, for $22.5m. The deal, including equity and shareholder loans, is set to close in the first quarter of 2025, pending regulatory approvals. Akastor will hold a 75% stake in AKOFS Offshore, with the remaining 25% stake owned by Mitsui OSK Lines, as the market dynamics in the subsea well intervention and installation sector are seen as increasingly compelling.
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NDP participant, 47, dies after collapsing during rehearsal at Padang
SINGAPORE: A 47-year-old man from the OneChangi contingent died after collapsing during a National Day Parade rehearsal at the Padang. Despite immediate CPR and evacuation to Singapore General Hospital, he was pronounced dead shortly after arrival, with authorities expressing condolences to his family. Need More Context? 🔎
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