Flex LNG's merger with Exmar called off

A planned merger between the John Frederiksen-owned carrier Flex LNG and Belgian shipping group Exmar has been called off as the carriers were unexpectedly not able to reach an agreement. The Flex LNG share price plummets.

The planned merger between Belgian gas carrier Exmar and Norwegian, John Frederiksen-owned Flex LNG has been called off, announced both parties in a joint press release today.

The merger was announced on July 1st this year. The maneuver should have resulted in a new company under the name Exmar LNG ltd., whose total value would have been around USD 2.3 billion. This would have made Exmar LNG one of the largest independent players on the market, the parties had said in the press release announcing the merger.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HHLA advances despite chaotic market

Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.

Borr Drilling seeks capital in the US

Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.

Further reading

Related articles

Latest news

See all jobs