Aker transfers ownership of AMC to Ezra

Engineering and construction services company Aker Solutions has agreed to transfer ownership in its subsidiary Aker Marine Contractors (AMC) to Ezra, a Singapore-based offshore support solutions provider for the oil and gas industry, in exchange for equity instruments in Ezra and cash.

In addition, 50 per cent of Aker Solutions’ ownership in the Aker Connector installation vessel will be transferred to Ezra.

Under the agreement, Aker Solutions will sell 100 per cent of the shares in its wholly owned subsidiary AMC to Ezra, in which Aker Solutions becomes a substantial shareholder.