BlackRock Global Energy & Power Infrastructure to acquire minority stake in GasLog for $552m.

BlackRock Global Energy & Power Infrastructure, which is focused on essential, long-term infrastructure investments in the energy and power sector, agreed to acquire minority stake and privatize GasLog, an international owner, operator, and manager of liquefied natural gas carriers, for £177m. "This transaction is a transformative next step for GasLog, offering shareholders an immediate and considerable premium for their shares and allowing for access to growth capital currently absent in the public equity markets," Peter G. Livanos, GasLog Chairman.