ECS, which lists nine offshore construction vessels (OCVs) and large pipe-layers among its assets, was formed in March when Chiyoda Corp paid $180m to Singapore-listed Ezra Holdings for a 50% stake in subsea contractor EMAS AMC.
The new ECS shareholding will give Ezra 40% and Chiyoda 35%, after NYK buys a 10% stake from EMAS AMC and 15% from Chiyoda.
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