GIC to acquire a 45% stake in GasLog from BlackRock.

GIC, an institutional investor, agreed to acquire a 45% stake in GasLog, a provider of LNG shipping services, from BlackRock, an asset manager. Financial terms were not disclosed. “GasLog has enjoyed an excellent partnership with BlackRock since 2021 and during this period has continued to build a world class fleet of modern LNG carriers serving some of the world’s leading energy players. We are delighted to welcome GIC as our new partner. GIC’s long-term investment horizon and focus on safety and operational excellence align with GasLog’s corporate values. GIC has a track record of success in supporting energy infrastructure businesses, further enhancing GasLog’s core strengths and capital flexibility. Their global reach will also be a benefit to us as we pursue attractive growth opportunities in the future," Peter G. Livanos, GasLog Chairman.