BW Group plans to raise USD 300 million in Norway

The world's largest gas carrier, Singapore-based BW Group, plans to raise USD 300 million through a listing on the Oslo Stock Exchange. The money will be used for new investments in VLGCs.

Photo: PR/BW Group

The world's largest owner of VLGC ships, Singapore-based BW Group, becomes the third major VLGC company in six months to seek a listing on the Oslo Stock Exchange. Here, the carrier plans to raise as much as USD 300 million earmarked for growth in the LPG segment, where BW Group sees a great potential.

"The BW Group sees strong opportunities for growth within the LPG segment and invites new investors to join us and invest alongside the BW Group," says BW Maritime CEO Andreas Sohmen-Pao in a press release (photo).

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