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Singapore's Ezra to inject unit into Oslo-listed EOC in $645.9m deal

Published on Jul 10, 2014 2:21 PM
 

SINGAPORE (Reuters) - Oilfield service firm Ezra Holdings said it is injecting its offshore support services division, EMAS Marine, into its associated company EOC Ltd in a stock-and-cash deal worth US$520 million (S$645.9 million).

The enlarged EOC Group will be one the largest offshore support operators in Asia Pacific by asset value, managing an offshore services platform comprising over US$1 billion in assets, Ezra said in a statement.

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