Akastor Asa
* Agrees to sell Fjords Processing to National Oilwell Varco for NOK 1.2 billion ($145.04 million) on debt- and cash-free basis
* Fjords is a global leader in complete process support systems for gas, oil, and water
* The transaction will realize an accounting gain of approximately NOK 650 million to Akastor and will be recognized in the fourth quarter results.
* The transaction is expected to release approximately NOK 1,150 million in cash for Akastor
* The transaction is expected to be completed in Q4 2016, pending clearance from Norwegian and Korean competition authorities Source text for Eikon: Further company coverage: ($1 = 8.2736 Norwegian crowns) (Reporting By Terje Solsvik).
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Source: Reuters.com
