Andreas Sohmen-Pao
Andreas Sohmen-Pao’s BW Group gets on the procurement route once more. Today it reported that it hadpurchased a 54.7% risk Epic Gas from essential investors as well as introduced a genuine tender deal to get the continuing to be shares in business.
The Epic Gas board has actually assigned Andreas Sohmen-Pao (Chairman, BW Group) as well as Billy Chiu (Executive Vice President, BW Group) as brand-new supervisors of the business.
Epic Gas, which is provided on Oslo’s Merkur Market presently runs a fleet of 39 pressurized LPG vessels.
BW Group’s family members of business as well as associates presently regulate over 300 vessels throughout the overseas supply, petroleum, fine-tuned item, completely dry mass, LPG Shipping, LNG delivery, as well as LNG storage space as well as regasification verticals.
BW Group is using $1.60 a share for the superior shares in Epic plus “an extra factor to consider equivalent to $3,500,000 split by the overall variety of shares gotten under the Offer as well as the Share Purchase, supplied that the extra factor to consider will certainly in no occasion be more than $0.10 per share.
Andreas Sohmen-Pao, Chairman of BW Group claimed, “BW Group is pleased to acquire this shareholding in Epic Gas with its strong operational platform and quality fleet. The transaction represents an opportunity to acquire a well-managed company, led by Charles Maltby, and we look forward to working together to achieve successful growth in the service of our customers.”
More from BW Group HERE
More from Epic Gas HERE
