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Emas, Ezra extend long stop date for PV Keez's divestment

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Offshore marine construction contractor Emas Offshore said on Wednesday that it, together with its parent Ezra Holdings, has agreed with buyer PetroFirst Infrastructure 2 to extend the long stop date for the purchase of PV Keez to Dec 31, 2016, from Nov 30, 2016.

OFFSHORE marine construction contractor Emas Offshore said on Wednesday that it, together with its parent Ezra Holdings, has agreed with buyer PetroFirst Infrastructure 2 to extend the long stop date for the purchase of PV Keez to Dec 31, 2016, from Nov 30, 2016.

Both sides had in July signed a binding share purchase agreement for the proposed divestment of their entire stake in PV Keez.

A July announcement had disclosed the Emas subsidiary involved has an equity interest of about 41.7 per cent in PV Keez, while Ezra has a stake of at least 38.3 per cent in the company.

Emas said it will provide further updates in due course.

Emas is dual-listed on the Oslo and Singapore stock exchanges.