Aurora rejects Avance Gas takeover bid

Norwegian Aurora's board of directors is not satisfied with the bid from Avance Gas and thus recommends its shareholders to vote against the competitor's attempt at acquiring the carrier.

BY KATRINE GRØNVALD RAUN

It does not look set to be an easy task for Norwegian carrier Avance Gas to complete its attempt at acquiring competitor Aurora LPG. When Avance in mid-November announced its plans to make a bid on Aurora, the Aurora board of directors aired a degree of skepticism about the attempt in the wake of the announcement. Now the board calls on its shareholders to reject the offer.

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Aurora rejects Avance Gas takeover bid

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Avance Gas looking to acquire Aurora LPG

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Front page now

Maersk praises Cosco's plans to move into green methanol

Lynn Loo urges shipping to "take steps outside its comfort zone"

German logistics company wants to grow 250 percent

Norden's venture in Gabon runs smoothly one month after military coup

Russia still relies on Europe to ship its oil despite price cap breach

Energy agency: Ammonia is crucial for shipping's green transition

Norwegian carrier gets state funding for new ammonia vessels

Fredriksen company loses legal dispute with shipyard over cancelled drilling rigs

IEA: Green fuels keep climate goals alive

German ports fear public savings

Navigare Capital cashes in from sale of several ships

Union warns: Shipping still struggles to attract women

Further reading

Lynn Loo urges shipping to "take steps outside its comfort zone"

Lidl's shipping company makes changes to get more customers in store

Navigare Capital cashes in from sale of several ships

German logistics company wants to grow 250 percent

Union warns: Shipping still struggles to attract women

Russia exempts gasoils, bunker fuel from export ban

Jobs