BW LPG (BWLP) said it has completed the $1.05 billion acquisition of 12 very large gas carriers from Avance Gas Holdings following the delivery of the final vessel, BW Avior, Tuesday.
The transaction was settled with $585.4 million in cash, $132 million in sale-leaseback agreements, and about 19.3 million newly issued shares valued at $332.6 million.
BW LPG said its fleet now totals 53 VLGCs, including 22 dual-fuel vessels.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.