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Ezra mulling divestment of EMAS Offshore after US$150m Chiyoda deal
But potential buyers find it tough to raise funds.
Ezra is reportedly looking to divest part of its FPSO assets, after the company successfully managed to sell part of its subsea services business for US$150m.
A report by OCBC highlighted that Ezra’s FPSO division—currently under SGX-listed EMAS Offshore—might get sold to Malaysia-based Perisai Petroleum Teknologi.
However, the deal is hindered by Perisai’s difficulty to raise funds in the current environment.
Meanwhile, the market is also waiting to see if the group will redeem its $150m perpetual securities due this month to avoid a step-up.
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