ShippingWatch

BW-dominated Navigator Gas takes over Ultragas in multimillion-dollar trade

BW-dominated Navigator Gas buys Chilean-owned Ultragas in a share transaction totaling USD 400 million. The acquisition results in a player with over 56 LPG vessels.

Martiin Fruergaard, CEO of Ultragas, which will be taken over by Navigator Gas in a billion-dollar trade. Martin Fruergaard, however, is on his way to a top position at Pacific Basin. | Photo: Danske Rederier

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

Further reading

Related articles

Latest news

See all jobs