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This is how much BW LPG is willing to pay for Aurora

BW LPG has now submitted a new offer for the remaining shares in Norwegian gas tanker carrier Aurora LPG. Read on to learn how much BW LPG is willing to pay in total to acquire Aurora as a whole.

Photo: PR-foto/Aurora LPG

BW LPG, headed by CEO Martin Ackermann, has several times raised its bid for the remaining shares in Norwegian gas tanker carrier Aurora, and the company has now submitted a new offer in a prospectus published on Monday.

The new offer is for USD 1.9 per share (NOK 16). BW LPG has already acquired 32.79 percent of the shares, and the carrier thus needs to buy the remaining 19,947,725 shares to get full ownership. This means that BW LPG is now offering to pay USD 38.6 million (NOK 319 million) for Aurora, which has a fleet of nine VLGCs, Very Large Gas Carriers.

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