Pacc Offshore Services (POSH) and Mermaid Maritime have been named as the next potential privatization candidates by DBS.
With majority shareholders controlling more than 80% in both companies they are ripe for delisting, according to analysts at the Singapore bank.
“Mermaid is 87.3% held by the Thoresen group and its related management, leaving only SGD 36.6m ($25.9m) in fre-float market capitalization on the table,” says analyst Suvro Sarkar.
“With
