Pre-marketing began yesterday for the $250 million flotation on the Singapore stock exchange of EOC Ltd, an affiliate of EZRA Holdings that will house and consolidate its offshore support services.
The planned DBS- and OCBC-led public share offering will be a secondary listing for EOC, which has been trading on Norway's Oslo Bors since 2007. EZRA Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, is already listed in Singapore.
The planned flotation forms part of a wider reorganisation of the group, which will split EZRA Holdings into two distinct entities and give it majority...
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