Norwegian industrial workers at companies including Aker Solutions ASA agreed to a new collective bargaining deal on wages and pensions, averting a strike that threatened to curb Norway’s sluggish economy.
Billionaire Kjell Inge Roekke’s Aker ASA bought 6 percent of Aker Solutions ASA for 1.9 billion kroner ($312 million) in a move seen as a signal the company will pay a special dividend with the proceeds of asset sales.
Aker Solutions ASA won a framework contract for Statoil ASA’s Johan Sverdrup field, the biggest oil discovery off Norway in decades, including a 650 million-krone ($106 million) deal for engineering design.
Aker Solutions ASA, the oil services company controlled by billionaire Kjell Inge Roekke, climbed to a two-week high in Oslo as a 5.5 billion kroner ($963 million) deal with Statoil ASA eased concerns about its order outlook.
Aker Solutions, the Norwegian oil- services company controlled by billionaire Kjell Inge Roekke, rose the most in 20 months in Oslo trading after third-quarter profit margins and orders beat analyst estimates.
Aker Solutions ASA, the oil services provider controlled by billionaire Kjell Inge Roekke, is applying lessons learned after missteps in Brazil to its business in Norway as part of plans to double revenue by 2017.