EPS Ventures to acquire the remaining stake in Cool Company.

EPS Ventures, a corporate venture company, agreed to acquire the remaining stake in Cool Company, a liquefied natural gas carrier, for $9.65 per share. “Despite challenging market conditions our commitment to CoolCo’s long-term development and, above all, to serving our charterers with the highest level of reliability and dedication remains unchanged. We believe our offer provides the best long-term alternative for CoolCo shareholders and we hope to bring this proposed transaction to a close in the very near future,” Cyril Ducau, Eastern Pacific Ventures CEO.