Avance Gas sticks with acquisition strategy after BW offer

The door remains wide open to the executive office at Avance Gas if industry peers are looking for collaboration partners, CEO Christian Andersen tells ShippingWatch. He explains that the gas carrier is still looking for acquisitions even though BW LPG has made a bid for Aurora LPG.

Photo: Avance Gas

Norwegian gas carrier Avance Gas is in the market for acquisitions in spite of the news that competitor BW LPG has announced an offer to take over Aurora LPG in its entirety.

Avance previously made its own offer on Aurora, which was wejected. Instead it now seems that BW LPG will win the battle for the carrier. However, this does not mean that the Norwegian company will back down when it comes to acquisitions.

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