Nordic Business Report-April 26, 2006-Aker enters into agreements with TH Global
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The Norwegian industrial holding group Aker ASA said on Wednesday (26 April) that it had entered into agreements with TH Global which would secure Aker Kvaerner access to key resources in the United Kingdom and provide the company with lower and more predictable future pension costs.
The agreements with Aker enable TH Global to end its relationship with the UK pension fund of the former Kvaerner organisation.
Aker Kvaerner would acquire some 1,300 employees from TH Global. As compensation Aker Kvaerner would pay TH Global GBP64m over a period of six years.
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