HMLP shareholders approve merger deal with Hoegh LNG

New York-listed Hoegh LNG Partners, the operator of five FSRUs, said that its shareholders have voted to approve the previously announced merger deal with Hoegh LNG.

A special meeting of the holders of HMLP’s common units took place on September 20 to vote on the proposed merger.

HMLP said in a statement that its shareholders voted on and approved the agreement and plan of merger.

Back in December 2021, Hoegh LNG submitted a non-binding proposal to HMLP’s board to buy all publicly held common units of the partnership in exchange for $4.25 in cash per common unit.

The floating LNG player more than doubled its offer to $9.25 per unit in cash, or about $167.6 million, in May this year and entered into an agreement and plan of merger with HMLP.

Hoegh LNG currently owns 45.7 percent of HMLP’s common units.

HMLP confirmed it expects the merger to close on or about September 23, 2022.

The company operates five FSRUs, namely Hoegh Grace, Hoegh Gallant, Cape Ann, Neptune, and PGN FSRU Lampung.

Most Popular

Hanwha Ocean scores LNG carrier order

South Korea's Hanwha Ocean has secured a new contract to build one liquefied natural gas (LNG) carrier for about $252 million.

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

Dutch Eemshaven LNG terminal hits new record

The FSRU-based LNG import facility in the Dutch port of Eemshaven, owned by Gasunie and Vopak, has reached a new record.

More News Like This

VTTI, Hoegh Evi move forward with permitting process for Dutch LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, and Norwegian FSRU player Hoegh Evi have completed the first phase of the permit procedure for their FSRU-based facility in the Netherlands.

Wartsila bags regas module gig from Hoegh Evi

A unit of Finnish tech firm Wartsila has secured a contract from Norway's Hoegh Evi to supply a regasification module, which will be installed onboard the LNG carrier Hoegh Gandria. Once converted, the FSRU will serve in Egypt.

Seatrium scores FSRU conversion job from Hoegh Evi

Singapore’s Seatrium has secured a contract from Norway's Hoegh Evi to convert the latter's LNG carrier Hoegh Gandria into a floating storage and regasification unit.

Egypt’s EGAS inks new FSRU charter deal with Hoegh Evi

Norwegian FSRU player Hoegh Evi has signed a new charter deal with Egypt’s EGAS to deploy a converted FSRU in Egypt. Hoegh Evi will convert the LNG carrier Hoegh Gandria to a floating storage and regasification unit.