Hoegh LNG to delist from Oslo Stock Exchange

Norway-based shipping company and FSRU operator Hoegh LNG will soon go private as part of the transaction announced in March.

To remind, Hoegh LNG’s largest shareholder Leif Hoegh and funds managed by US-based Morgan Stanley Infrastructure Partners have formed a 50/50 joint venture named Larus Holding in an attempt to take the firm private.

Hoegh’s shareholders voted on and approved the amalgamation and delisting of shares during a special meeting held at its office in Bermuda on March 30.

The firm said in an update on Monday it obtained waivers related to certain of its secured credit agreements. Hoegh now expects the completion of the transaction to take place during the week starting May 3.

Immediately following the completion of the transaction, the amalgamated company would be wholly-owned by the JV.

After that, Hoegh added it would delist its common shares from the Oslo Stock Exchange in “due course.”

Most Popular

BP takes FID on Ginger gas project in Trinidad and Tobago

UK-based energy giant BP has taken the final investment decision on the Ginger gas development offshore Trinidad and Tobago.

Japan’s Tokyo Gas to expand LNG trading business

Japan’s city gas supplier and LNG importer, Tokyo Gas, plans to expand its liquefied natural gas trading business further, including in the US.

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

More News Like This

Indonesian FSRU wraps up 69th STS LNG transfer

PGN LNG, a unit of PGN and the operator of the floating LNG import facility offshore Lampung, said in...

Golar sells Avenir LNG stake to Stolt-Nielsen

Avenir is a joint venture of Stolt-Nielsen, Golar, and Hoegh Evi, previously known as Hoegh LNG. Gold said in a...

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

Igneo Infrastructure Partners to take ownership interest in Hoegh Evi

Hoegh Evi, previously known as Hoegh LNG, announced the acquisition in a statement on Friday saying Aequitas will retain...