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Aker Carbon Capture ASA: Liquidation balance sheet
Prnewswireยท 2025-08-22 05:44
Core Viewpoint - Aker Carbon Capture ASA has resolved to liquidate the company following an extraordinary general meeting held on August 5, 2025, with remaining funds to be distributed as liquidation dividends [1][5]. Group 1: Liquidation Process - The Board of Directors has prepared a liquidation balance sheet as of July 31, 2025, which has been audited and will be distributed to shareholders prior to final liquidation [2]. - The company has returned NOK 5.2 billion in cash to shareholders to date, indicating a significant return of capital prior to liquidation [5]. Group 2: Company Background - Aker Carbon Capture ASA was established in 2020, leveraging over 20 years of experience in carbon capture technology [4]. - A joint venture, SLB Capturi, was formed in June 2024, with SLB owning 80% and Aker Carbon Capture ASA indirectly owning 20% through its subsidiary [4]. - Following transactions with SLB in 2024 and Aker in May 2025, the company ceased all investment and operational activities and does not expect to resume such activities [5].