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Aker group books record value surge

Aker ASA increased its net asset value by 75 percent during the fourth quarter, a new record for the Norwegian industrial group.

Photo: PR / Aker/© Ilja C. Hendel | post@iljahendel.com | +47 90855081

The net asset value of Aker ASA grew to NOK 53.4 billion (EUR 5.2 billion) during the fourth quarter, an increase by three fourths compared to the preceding quarter and the highest quarterly surge in Aker's history, reveals the group's new fiscal report issued Wednesday morning CET.

The group, owned by Norwegian investor Kjell Inge Røkke, underwent a number of changes over the year, and its oil business was particularly hard hit by the coronavirus and price crises that accelerated in earnest during the spring.

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