Ezra appoints advisors, eyes US IPO for subsea unit EMAS AMC

Singapore: Offshore firm Ezra Holdings has announced this morning it has appointed J.P. Morgan to advise the company on maximising the international profile and competitive position of subsea unit, EMAS AMC.
 
Mentioned in a statement to SGX was a potential listing in the United States, as the company "remains committed to the business."
 
Ezra has stated publicly in the past that the company's focus is to grow the subsea division, most recently as it quashed rumours of a takeover by Korean shipbuilding giant Samsung Heavy Industries
 
Lionel Lee, ceo and md of Ezra Holdings, said, “We have built a relatively strong foundation for EMAS AMC. The fundamentals of the subsea industry are positive resulting in strong prospects for our subsea business in areas such as North America and Europe. We believe that it is timely for us to review our strategic plans for EMAS AMC as it develops its next phase of growth.” [17/01/14]
 
 
 

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