GasLog wraps up BlackRock deal

Peter Livanos-led GasLog said Wednesday it completed the previously announced transaction with BlackRock’s Global Energy & Power Infrastructure team.

The closing of the transaction follows a special general meeting on June 4 where GasLog’s shareholders approved the transaction under which the firm goes private.

GEPIF has acquired 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 trading of the company’s common shares on the New York Stock Exchange would be suspended with immediate effect.

In addition, the LNG shipper expects delisting of the shares to take about 10 days.

“The company’s 8.75% Series A Cumulative Redeemable Perpetual Preference Shares remain outstanding and continue to trade on the NYSE,” it said.

GasLog’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

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

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.

Chevron, China’s ENN seal second LNG SPA

US energy giant Chevron has signed a second LNG sales and purchase agreement with Chinese independent gas distributor ENN.

More News Like This

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.

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.

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.

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.