Ezra has offered to pay AMC’s parent company, Aker Solutions $100 million in cash.
Aker Solutions will receive 72 million shares, representing 8.4% of Ezra’s enlarged share capital, and $50 million in bonds convertible to shares equivalent to a 4% interest in the Singapore-based company.
Aker Solutions will be represented with one director on the board of Ezra.
Ezra’s managing director Lionel Lee said the deal will “elevate Ezra to among the ranks of top-tier subsea players”.
Ezra
