Røkke sells Ocean Yield to US-based asset manager

Shipping magnate Kjell Inge Røkke sells his shipowning company Ocean Yield to a US-based asset manager for more than USD 800 million.

Photo: PR/Aker

Norwegian Kjell Inge Røkke is putting the finishing touches on a sale of shipowner Ocean Yield to a US-based investor.

Specifically, Røkke's company Aker Capital has agreed to a purchase offer from the US-based asset manager Kohlberg Kravis Roberts & Co. L.P. (KKR) at a price of NOK 41 (USD 4.72) per share, the company writes in a press release sent to the Oslo Stock Exchange Monday.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Schedule reliability among container lines drops to historic low

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Further reading

Related articles

Trial banner

Latest news

See all jobs