Emas revealed Ezra would buy its 12.13% stake in Perisai for US$56 million, a significant premium to the US$11 million it says the stake is currently valued at.
Emas said the price being paid had been determined based on the cost of Emas' investment at inception.
It originally picked up the stake as part of a deal in 2013 which saw Perisai buy a 51% stake in Emas Victoria, the entity which owns and operates the Perisai Kamelia floating production, storage and offloading vessel.
Ezra
