SLB, Aker Carbon Capture Close $380MM Joint Venture
Description
SLB and Aker Carbon Capture (ACC) have closed their previously announced joint venture, the companies said in a June 14 press release.
In March, SLB said it would pay about $380 million to combine its carbon capture business with that of Aker Carbon Capture, acquiring a majority stake in the Norway-based company.
The new company will be headquartered in Oslo with SLB owning 80% of the new company and ACC ASA owning the remaining 20% stake.