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Ezra to sell half of subsea arm to Japan's Chiyoda

Company hopes deal will catapult the business to a bigger stage

EzraHoldings.jpg
Offshore services firm Ezra Holdings agreed on Thursday to sell off half of its substantial subsea business to Japanese oil and gas giant Chiyoda in a deal that it hopes will catapult it onto a bigger stage and more than make up for a short-term hit to earnings per share (EPS).

Singapore

OFFSHORE services firm Ezra Holdings agreed on Thursday to sell off half of its substantial subsea business to Japanese oil and gas giant Chiyoda in a deal that it hopes will catapult it onto a bigger stage and more than make up for a short-term hit to earnings per share (EPS

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