Ekuinas acquires Malaysian shipping services provider
Ekuinas, the Malaysian sovereign wealth fund, has completed a MYR220.9 million ($72.3 million) buyout of OMNI Petromaritime, a company that provides offshore support vessels to the oil and gas industry. Ekuinas acquired an 82.5% stake in OMNI for MYR150.9 million and injected MYR70 million of additional capital to pay down debt and support expansion plans.
OMNI is one of Malaysia's largest fleet owners with 12 owned and managed vessels. Its clients include Petronas, Saudi Aramco, Maersk Oil Qatar and Petrovietnam. The company recorded net profit of MYR20...
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