Background
On June 22, 2007 Aker ASA and the Government of Norway announced the creation of the holding company. Aker ASA would transfer its entire ownership of the company to the holding company, and sell 40% of the holding company. Aker received NOK 6.4 billion for the transaction.
The purpose of creating this company, is to keep Aker Solutions,as part of important and valuable Norwegian technology, in Norway for the next 10 years. The partners of Aker Holding can not sell their part of the holding company for at least 10 years.
Read more about this topic: Aker Holding
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