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

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.