Nordkraft sells Aker Narvik stake, proposes NOK 125m dividend

Nordkraft announced the sale of its shares in Aker Narvik, a move that will result in an extraordinary dividend of NOK 125 million for its owners. This follows several years of work, including a data center construction project in Bjerkvik. The additional dividend proposal will be put to an extraordinary general meeting on October 27, 2025. This decision comes despite record-low electricity prices, high investments, and increased interest rates, which have otherwise limited ordinary dividends.

The sale marks a new phase for Nordkraft, shifting focus back to core operations of electricity production and distribution while aiming to increase local power consumption. The divestment of the Aker Narvik shares, which includes stakes in Powered Land and Aaktik Digital, now makes Aker Narvik Holding the sole owner.

Nordkraft's partnership with Aker will continue in new forms, including leasing resources for the ongoing construction project at Skoglund. The company's major owners include Halogaland Kraft Holding, Narvik kommune, and Jamtkraft AB.