Aker Horizons AS, a company working in the renewable energy area with projects in wind, carbon capture and hydrogen, says it has completed a private placement investment round, raising $117.1 million from insitutional investors.
The company plans to issue 29 million new shares at NOK34.5 ($4.02) to satisfy the growing demand from investors who want to take advantage of the growing market for renewables and emission reducing technologies.
One standaout name among the investors is Baillie Gifford Overseas Ltd. It was allocated 13.5 million shares, which is 46.6% of the total share issue. By consequence this also means they own 4.6% in Aker Horizons.
“Baillie Gifford recently became a key shareholder in our portfolio company Aker Carbon Capture ASA, and we are now pleased to also welcome Baillie Gifford as a key shareholder in Aker Horizons,” said Kristian Rokke, chief executive of the latter.
Aker Horizons owns stakes in Aker Carbon Capture, Aker Clean Hydrogen AS, Aker Offshore Wind AS and Mainstream Renewable Power. The company is majority owned by Aker ASA.
Read more about the different Aker companies:
Aker Carbon Capture Reports Q3 Results, Stock Under Pressure
Aker Carbon Capture Secures $95.5 Million Investment
Aker Backs Danish Carbon Capture And Storage Project Greensand
