Norway's DNB Bank buys substantial stake in Ezra
7.04% stake comes from S$24.84 million off-market purchase of 207 million shares at S$0.12 each
Singapore
NORWAY'S biggest bank has shelled out S$24.84 million for a 7.04 per cent stake in offshore services firm Ezra Holdings, in an off-market deal that turned it into a substantial shareholder and one of Ezra's largest stakeholders.
DNB Bank ASA, a subsidiary DNB ASA, paid that sum for an interest in 207 million shares on Sept 25, Ezra said in a Singapore Exchange after-market announcement on Monday. Before the transaction, DNB had held zero direct or deemed shares in Ezra, according to the bourse filing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst
Amazon’s Twitch starts rival to TikTok in short-form video
Pinterest revenue surges on popularity of shopping push
Tesla axes most of Supercharger team in blow to other automakers