.
MergerLinks Header Logo

New Deal


Announced

Completed

Höegh LNG completed the acquisition of Höegh LNG Partners for $168m.

Financials

Edit Data
Transaction Value£133m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium35%
One Off Charge-

Tags

Edit

Public

Domestic

Friendly

Norway

Industrial Distribution

logistics services

Acquisition

Single Bidder

Majority

Completed

Synopsis

Edit

Höegh LNG, a provider of floating energy solutions and operates floating liquefied natural gas import terminals, completed the acquisition of Höegh LNG Partners, a firm that owns and operates floating storage and regasification units, for $168m. The merger is expected to close in the second half of 2022, and is subject to approval of the merger agreement and the transactions contemplated thereby by a majority of the outstanding common units of the Partnership and certain regulatory filings and customary closing conditions. Höegh LNG owns 45.7% of the common units and has entered into a support agreement with the partnership committing to vote its common units in favor of the merger.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US