Norway's largest bank was said to have acquired 207m shares, or a 7.04% stake, in the Singapore-listed company for SGD 24.8m ($17.3m), according to a regulatory filing.
However, a spokesman for DNB Bank confirmed to TradeWinds that the transaction was on behalf of a client, and the DNB does not have any exposure to Ezra on its own
It’s unclear at this stage who has offloaded their stake in Ezra at a transaction price of just under Ezra’s closing price on the day of the transaction.
