Ezion to acquire Teras Conquest 4 jack-up rig

Singapore: Offshore services firm Ezion Holdings Limited has entered into a conditional letter of agreement to purchase 100% of the issued and paid-up share capital of Teras Conquest 4 Pte Ltd.

Teras Conquest 4 Pte Ltd has one single asset being the multi-purpose self propelled jack-up rig which was being chartered to Ezion over a six year period commencing February 2012.
Ezion will be paying $32.5m to take the rig, which was previously owned by a group of investment funds. [03/01/14]

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