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Ezra prepares for Oslo debut



By Upstream staff 

Singapore's marine and offshore oil services firm Ezra Holdings said today it will list a subsidiary on Norway's Oslo Stock Exchange and raise about $43 million in a private placement.

Ezra, which rents out vessels for transport and logistics support to the offshore oil industry, said in a statement that it would list its subsidiary EOC on the over-the-counter board of the Oslo Stock Exchange and intends to list EOC on the main board before end-2007.

It said EOC will raise about $43.3 million in a private placement of 13,314,540 new shares at $3.25 each to investors, Reuters reported.


Monday, 23 April, 2007, 05:45 GMT  | last updated: Monday, 23 April, 2007, 06:32 GMT

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