Ocean Yield Agrees to Be Bought by KKR for NOK 41 per Share; Total Value NOK 7.2 Billion

• (PLX AI) - Ocean Yield recommends voluntary cash offer by Octopus Bidco AS (a company owned by funds advised by KKR) to acquire all shares of Ocean Yield at NOK 41.00 per share.
• • The Offer Price implies a total consideration for all the Shares of approximately NOK 7.2 billion
• • The Offer Price will be reduced by the amount of any dividend or other distributions made or declared by Ocean Yield with a record date after 12 September 2021 and prior to settlement of the Offer and increased with any incremental sales price received by the Company for the FPSO Dhirubhai-1 above USD 19 million if the FPSO is agreed to be sold prior to settlement of the Offer