Independent journal on economy and transport policy
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Japanese NYK widens own presence in the offshore field acquiring 25% of the EMAS Chiyoda Subsea
Ezra Holdings and Chiyoda Corporation will yield part of their quotas
June 13, 2016
Nippon Yusen Kaisha (NYK) has announced today that it will be the first Japanese shipowning society to enter in the submarine field having tightened an agreement with Ezra Holdings of Singapore and the Japanese Chiyoda Corporation in order to acquire a participation in the EMAS Chiyoda Subsea Ltd. (ECS), joint venture currently participated jointly from Ezra and Chiyoda who is constituted 31st March with center in the United Kingdom with the objective to realize challenging plans in the offshore section supplying services of engineering, supplying, construction and installation of systems.
the agreement previews that NYK acquires 25% of the share capital of EMAS Chiyoda, while the participation of Ezra and Chiyoda will come down respective to 40% and 35%.
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