Ezra may also list subsea arm: analysts

JUST days after Ezra Holdings announced the restructuring of its Emas Marine unit and the secondary listing of an enlarged entity, it has emerged that the offshore services player could also be listing its subsea business, possibly overseas.

Ezra said last week it was selling its offshore support business for US$520 million to its Norwegian associate, EOC, which will then seek a secondary listing on Singapore Exchange (SGX).

Analyst reports on the transaction released this week have revealed that Ezra's management is also considering listing its subsea business at a later date.