Ezra said on Friday that, during its extraordinary general meeting, 99.97% of shareholders voted in support of the deal.
Under the agreement, Ezra's subsea services division Emas AMC will set up a joint venture company and Chiyoda will pay US$150 million in cash plus US$30 million in shares for a 50% stake in the new subsea company.
The pair entered a memorandum of understanding in August to form the joint venture, whichwill target complex offshore engineering, procurement, construction and installation work using Emas’ construction vessels.
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