Stolt-Nielsen and Sungas divesting shares in gas giant
Stolt-Nielsen and Sungas are now putting upwards of five million shares, corresponding to a 14.2 percent stake, up for sale in the gas venture Avance Gas, says the company in a corporate statement.
BY KATRINE GRØNVALD RAUN
Stolt-Nielsen Gas, a subsidiary of Norwegian shipping group Stolt-Nielsen, along with another partner, Sungas Holdings, plans to divest part of the carriers' stakes in gas collaboration Avance Gas, according to a statement issued to the Oslo Stock Exchange, which informs that the two parties "are exploring the opportunity to sell up to 5.0 million common shares" in Avance Gas. The two companies own Avance Gas together with Frontline 2012.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Belgian Exmar in first quarter setback
For subscribers
