AmericasCorporateEurope

Shareholders approve plan for GasLog to go private

By LNG Prime Staff
Shareholders approve plan for GasLog to go private
Image: GasLog

Peter Livanos-led GasLog said its shareholders have approved a plan revealed earlier this year under which the NYSE-listed LNG shipping firm would go private.

BlackRock’s Global Energy & Power Infrastructure Fund entered into a merger deal with GasLog in February.

Under the deal, GEPIF would acquire all of the outstanding common shares of GasLog not held by certain existing shareholders. These include Blenheim Holdings, wholly-owned by the Livanos family, and an affiliate of the Onassis Foundation.

GasLog said in a statement on Monday that its shareholders voted to approve the proposed transaction at a special general meeting held on June 4.

GEPIF will pay $5.8 per share in cash to get about 45% shares in GasLog. Blenheim Holdings and the Onassis Foundation will continue to have a 55% stake in the Greece-based LNG shipper.

Following the completion of the transaction, GasLog will delist its common shares from the New York Stock Exchange.

GasLog said it expects the transaction to close on or about June 9.

The company’s consolidated fleet consists of 35 LNG carriers. Of these vessels, the firm owns 18 LNG carriers while its unit GasLog Partners controls 15 carriers.

Most Popular

Vessels

Hanwha Engine completes first X-DF engine with VCR tech

South Korea's Hanwha Engine, a subsidiary of Hanwha, has completed what it claims is the world's first WinGD X-DF engine equipped with VCR (variable compression ratio) technology for LNG carriers.
LNG Terminals

Poland’s Gaz-System revives plan for second Gdansk FSRU

Poland’s state-owned LNG terminal operator Gaz-System has revived its plan to add a second FSRU as part of the LNG import project in Gdansk Bay with a new non-binding call for interest.
LNG Terminals

Gunvor says its LNG business was main profit contributor in H1

Geneva-based trader Gunvor said that its LNG business was the main profit contributor in the first half of 2025, which has been "very challenging" due to a backdrop of a generally oversupplied oil market.

More News Like This

Contracts and Tenders

Malaysia’s MHB bags new LNG carrier repair jobs

Malaysia Marine and Heavy Engineering (MHB) has secured new contracts to repair liquefied natural gas (LNG) carriers.
Vessels

GasLog Partners, Excelerate wrap up $27 million LNG carrier deal

GasLog Partners, a part of Greek LNG shipping firm GasLog, has completed the sale of a 2007-built steam liquefied natural gas carrier to US FSRU player Excelerate Energy.
Vessels

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.
Vessels

GasLog: 12 LNG carriers scheduled for drydocking this year

Greek LNG carrier owner GasLog expects 2025 to be its busiest year for repairs, with a total of 12 vessels scheduled for drydocking maintenance, spread in shipyards worldwide.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA