Ezion in talks with Swissco interim JMs to buy out 4 rigs
Ezion is the backer for loans tied to these units, but could face difficulties keeping the rigs employed
Singapore
OILFIELD services provider Ezion Holdings is understood to be in final talks with the interim judicial managers (IJMs) of Swissco Holdings, to take over four rigs co-owned by joint ventures between the two parties at a total consideration of over US$16 million.
The Business Times (BT) understands Ezion has upped its offer to over US$4 million per rig after Swissco's IJMs pushed back the earlier takeover bid priced at about US$3 million per rig.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Boosted by name brand beers, Carlsberg sees higher sales
JPMorgan promotes about 150 in Asia, EMEA to managing director
Brokers’ take: Analysts upgrade iFast’s rating on higher growth expectations
Stellantis misses forecasts with 12% revenue drop in Q1, sees stronger H2
L'Occitane's billionaire owner Geiger to take firm private in US$1.8 billion deal