ShippingWatch

BW LPG goes on the offensive with bid for Dorian

BW LPG seeks to distance itself further from the competition with an acquisition of US-based Dorian LPG. The transaction, which totals USD 1.1 billion, would make BW the leading stock in the market, CEO Martin Ackermann tell ShippingWatch.

Danske Martn Ackermann har været topchef i BW LPG siden 2015. Photo: BW LPG

A marriage between BW LPG and Dorian would send the company into a league of its own and make more investors interested, says BW LPG CEO Martin Ackermann, who on Monday submitted a purchasing offer to the US-based competitor.

The offer is worth USD 1.1 billion and means that shareholders in Dorian LPG will receive two shares for each share they own today. If they agree to the transaction, they would also become co-owners of the world's largest listed LPG tanker shipping company.

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