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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.

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