BW Group Grows Its Stake in Epic Gas

BW GroupImage Courtesy: BW Group

Singapore-based BW Group has increased its stake in gas carrier owner Epic Gas to 82.58% with the completion of its voluntary unconditional offer.

On April 16, BW Group received acceptances for 9.69 million shares, corresponding to around 13.7% of the outstanding shares and voting rights in the company. Under the offer, BW Group has received acceptances for a total of 27.88% of shares and voting rights or 19.64 million shares.

Together with the 38.54 million shares BW Group already owned, it now owns and holds the rights to a total of 58.19 million shares, representing 82.58% of the outstanding shares in Epic Gas.

Epic Gas will maintain its listing on Merkur Market and will continue to operate independently from BW Group.

“We are pleased to have the continued support from those shareholders that elected to remain and see this as an endorsement of our strategy to further expand our leading position in the pressurised LPG sector. The world needs LPG and we have a strong global platform, focused on the delivery of high quality, safe, long-term solutions for our customers,” Charles Maltby, Chairman and Chief Executive Officer of Epic Gas, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >