ShippingWatch

Røkke companies' value down NOK 2.8 billion

Aker Group, which covers six companies operating in oil and shipping and is owned by Kjell Inge Røkke, saw its value drop NOK 2.8 billion in the second quarter. Sliding share prices in Aker BP, Aker Solutions, and Kvaerner, in particular, dragged the group down. But the CEO is optimistic.

Photo: PR-foto/Aker

Norwegian shipping and offshore magnate Kjell Inge Røkke's Aker Group saw its value slide significantly in the second quarter 2017.

The value of Aker's investments dropped a total NOK 2.8 billion (USD 345.4 million), a development attributed especially to large share value decreases among the group's six companies, a majority of which are active in oil and shipping.

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