EOC will pay Ezra $520m for control of EMAS Marine made up of $150m in cash and $370m in 280m new shares.
The additional shares will increase Ezra’s stake in EOC to 84.6% from its current level of 45.7% of its total share capital.
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 $1bn in assets.
To
