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DNB's 7.04% Ezra stake buy likely just a share pledge: analysts

Ezra's statements may be based on Frontica of Norway executing sale and repurchase deals with bank

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A mysterious S$25 million sale of a 7.04 per cent stake in offshore services firm Ezra Holdings to Norway's biggest bank last week was likely to do with a substantial shareholder pledging its stake to DNB Bank as collateral for financing, analysts say.

Singapore

A MYSTERIOUS S$25 million sale of a 7.04 per cent stake in offshore services firm Ezra Holdings to Norway's biggest bank last week was likely to do with a substantial shareholder pledging its stake to DNB Bank as collateral for financing, analysts say.

That scenario would