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
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
