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]
