The transaction - which will see its offshore division EMAS Marine swallowed by its affiliate EOC - was revealed back in July and the green light was given by Ezra a month ago.
Singapore and Oslo-listed EOC will pay $125m out of $150m over a three-year period, with a 3.5% annual interest.
The total sum of the deal will reach $520m, $370m of which will be satisfied by the allotment of new EOC shares to Ezra.
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