BW LPG buys 10 percent stake in competitor Aurora LPG

BW LPG bought more than 3 million shares in competitor Aurora LPG and now owns 29.83 percent of the company. Aurora LPG's fleet is ideal for BW LPG, highlights analyst agency Fearnleys.

Photo: PR-foto/Aurora LPG

BW LPG, listed on the Oslo Stock Exchange, has increased its stake in competitor Aurora LPG. BW LPG informs in a press release that on Friday the carrier purchased 3,003,094 shares in Aurora LPG, corresponding to 10.12 percent of Aurora LPG's total shareholding.

This boosts BW LPG's total stake in Aurora LPG up to 29.83 percent. BW LPG has additionally bought unsecured bonds in Aurora LPG worth a total of USD 6.9 million.

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