Akastor takes Mitsui’s stake in AKOFS Offshore

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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