Announced
Financials
Sources
Tags
Friendly
Private Equity
Single Bidder
Cross Border
Minority
Marine Transportation
liquefied gas carriers
Public
United States
Acquisition
Pending
Synopsis
BW Group, a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production, agreed to acquire a 39% stake in Navigator Holdings, the owner and operator of the world's largest fleet of handysize liquefied gas carriers, from WL Ross, a private equity company, for $197m. "BW is excited to be taking an ownership position in Navigator Holdings, a leading company in its sector, and we look forward to being a supportive shareholder as Navigator continues to pursue its strategic goals," Andreas Sohmen-Pao, BW Group Chairman.
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