Dorian spent millions on rejecting BW LPG takeover bid

Dorian LPG spent USD 10 million on fending off BW LPG's acquisition attempt last year. The company reports a bottom line deficit of USD 50.9 million, a doubling compared to last year.

Photo: Dorian LPG

Gas shipping company Dorian LPG spent USD 10 million on considering and rejecting the acquisition attempts from BW LPG last year, shows the company's earnings report, which covers the period until the end of March 2019. BW LPG ultimately withdrew its offer.

The report shows that a combination of costs for consultants and legal fees pushed the bill to USD 10 million.

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