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Aker Carbon Capture (AKHOF) has announced a proposed extraordinary cash dividend of NOK 3.5 billion, with Aker Horizons expected to receive approximately NOK 1.5 billion based on its 43.27% ownership stake. This follows the completion of a transaction in June 2024 where ACC combined its carbon capture business with SLB in a joint venture, now called SLB Capturi, where ACC maintains a 20% ownership while SLB holds 80%.
The company recorded a gain of NOK 4.9 billion from the sale in its consolidated accounts. ACC will maintain sufficient cash reserves post-dividend to support its minority owner responsibilities in SLB Capturi and back its pro-rata guarantee exposure for pre-JV projects. The proposed dividend requires approval at an extraordinary general meeting scheduled for March 7, 2025.