BW Group to acquire a 39% stake in Navigator Holdings from WL Ross for $197m.

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.