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CoolCo announced on Friday that all conditions precedent to the completion of the merger of the company with a newly formed, wholly-owned subsidiary of EPS Ventures have been satisfied.
The merger has been duly registered in the Bermuda Registrar of Companies, having been effected through a cash merger.
CoolCo, as the surviving company, has become wholly owned by EPS and its subsidiaries.
The firm expects to be delisted from the New York Stock Exchange and Euronext
Growth Oslo.
It intends to file with the U.S SEC to terminate the registration of its common shares.
CoolCo has seven TFDE LNG carriers, which it acquired from Golar LNG.
Moreover, it has the four LNG carriers it purchased from EPS.
In addition to these vessels, CoolCo purchased two newbuild LNG carriers from EPS.
They feature GTT’s Mark III Flex membrane cargo tank system, reliquification, air-lubrication, and shaft generators.
The shipping firm exercised its option in June 2023 with affiliates of EPS Ventures to acquire newbuild contracts for the two 2-stroke LNG carriers.
