Baillie Gifford Overseas Limited acquired an additional 5.9% stake in Aker Carbon Capture ASA (OB:ACC) from Aker Horizons Holding AS for approximately NOK 850 million on October 11, 2021. As per the transaction, Baillie Gifford Overseas Limited acquired 35.9 million shares at NOK 23.80 per share. Inn a related transaction, two institutional investors agreed to acquire certain stake in Aker Carbon Capture ASA from Aker Horizons Holding AS for approximately NOK 150 million on October 11, 2021. Post completion, Baillie Gifford Overseas Limited hold 76.05 million shares representing 12.59% stake of Aker Carbon Capture ASA. Post completion of both transactions, Aker Horizons Holding AS will own 42.33% stake of Aker Carbon Capture ASA. Carnegie acted as financial adviser and Advokatfirmaet BAHR acted as legal adviser for Aker Horizons in the transaction.

Baillie Gifford Overseas Limited completed the acquisition of an additional 5.9% stake in Aker Carbon Capture ASA (OB:ACC) from Aker Horizons Holding AS on October 11, 2021.