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Aker Maritime Sale Plans Halted

Maritime Activity Reports, Inc.

November 1, 1999

Aker RGI has halted plans to sell offshore supply company Aker Maritime ASA, of which it holds 63 percent, according to company officials. The talks relating to a possible sale have ended, officials said, adding that the parent company is working on a strategy to both improve operations and find a good industrial solution, which could include moving into oil and gas production on the Norwegian continental shelf (NCS).

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