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 sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
