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    Ezra Holdings denies Samsung link

    News // September 12, 2013

    Referring to an article published in a trade magazine recently in which it was reported that Samsung Heavy Industries had considered making a takeover bid for Ezra Holdings, the company says it wishes to clarify that it is not aware of, nor has it been engaged on, the subject of a takeover of the company by Samsung.

    In a statement, Ezra Holdings said: "The company remains focused on its strategy to grow its subsea business by building on its established track record in key areas including the North Sea, the Gulf of Mexico, Africa and the Asia Pacific.

    "Ezra’s subsea division has continually built its order book with contract wins from major oil and gas players globally and has secured approximately USD2.5 billion in subsea work since its acquisition of Aker Marine Contractors in March 2011 through to May 2013.

    "The company regularly explores and reviews business opportunities, projects and proposals relating to the subsea business. As such, the company enters into discussions with various parties from time to time. The company will, in compliance with the Corporate Disclosure Policy of the SGX-ST Listing Manual, make the relevant disclosures (if any) at the appropriate time."


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