French company to buy Aker’s deepwater unit

Catching offshore observers by surprise, the flamboyant financier Kjell Inge Røkke has completed negotiations for the sale of Aker Maritime’s deep-sea business for about USD 620 million (NOK 5.9 billion) to Coflexip Stena Offshore of France. The sale is a major blow to Norwegian hopes of creating a global offshore services powerhouse with roots in Norway.