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New Deal


Announced

J. Lauritzen and Geneva Group to acquire the remaining shares in BW Epic Kosan for NOK2.25bn.

Financials

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Transaction Value£169m
Consideration TypeCash
Capital Owned41%
Capital Bid For59%
EV/Sales-
EV/EBITDA-
Share Price Premium13.2%
One Off Charge-

Tags

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Public

Majority

Pending

Tender Offer

Single Bidder

Acquisition

Cross Border

Friendly

Singapore

Marine Transportation

shipping company

gas transmission

Synopsis

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J. Lauritzen, a Danish shipping company, and Geneva Group, a group of shareholders in BWEK, offered to acquire the remaining shares in BW Epic Kosan, a provider of last-mile delivery of LPG and petrochemicals, for NOK2.25bn. Certain major shareholders of BWEK have pre-accepted the offer.

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