AmericasContracts and Tenders

GasLog wraps up BlackRock deal

By LNG Prime Staff
GasLog wraps up BlackRock deal
Image: GasLog

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

LNG Terminals

TotalEnergies picks Daewoo E&C for Papua LNG contract

French energy giant TotalEnergies and its partners in the planned Papua LNG project in Papua New Guinea have selected South Korea’s Daewoo E&C as the preferred bidder for the EPCC of the project's central processing facility and well pads.
Contracts and Tenders

Golar inks LoI with Seatrium for new FLNG conversion

Floating LNG player Golar has entered into a letter of intent with Singapore's Seatrium to secure incremental FLNG yard capacity for another FLNG conversion.
LNG Terminals

Golar orders fourth FLNG in China

Floating LNG player Golar LNG said that it had executed an engineering, procurement, and construction (EPC) agreement with China's Yantai CIMC Raffles Offshore for its fourth FLNG and second MKII FLNG with an annual liquefaction capacity of 3.5 mtpa.
spot_img

More News Like This

Vessels

GasLog says LNG carrier ‘stable’ after Hormuz incident

Greek LNG shipping firm GasLog said on Saturday that its 2013-built LNG carrier GasLog Shanghai was in "stable" condition following an incident in the Strait of Hormuz.
Vessels

GasLog Partners wraps up $34.1 million steam LNG carrier sale

GasLog Partners, part of Greek LNG carrier owner GasLog, has completed the sale of its last steam LNG carrier, Methane Rita Andrea.
LNG Terminals

HPS to invest $500 million in Glenfarne’s Texas LNG

New York-based HPS Investment Partners, part of BlackRock, has decided to invest $500 million in Glenfarne's 4 mtpa Texas LNG export terminal in the port of Brownsville as the project nears a final investment decision.
Vessels

GasLog Partners sells steam LNG carrier

GasLog Partners, part of Greek LNG carrier owner GasLog, has agreed to sell its last steam LNG carrier, Methane Rita Andrea.