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.”

- Advertisements -

Most Popular

Golden Pass LNG to speed up pipeline construction

QatarEnergy and ExxonMobil are seeking approval from US energy regulators to increase the peak workforce to speed up the...

US FERC to decide on Venture Global’s CP2 LNG project

The US FERC is set to decide next week on Venture Global LNG's proposed CP2 LNG project in Louisiana. According...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

More News Like This

German FSRU terminal hits sendout record

State-owned German LNG terminal operator DET said its FSRU-based LNG terminal in Brunsbüttel has achieved a record sendout rate...

Hoegh LNG’s FSRU heads to Egypt

The 170,000-cbm FSRU Hoegh Galleon is on its way to Egypt to start serving EGAS in Ain Sokhna, according...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

Hoegh LNG confirms Egyptian FSRU charter deal

Norwegian FSRU player Hoegh LNG confirmed it has signed a deal with Australian Industrial Energy (AIE) and Egypt's EGAS...