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Bid launched to take GasLog Partners private

Photo of Sam Chambers Sam ChambersJanuary 26, 2023
573 Less than a minute
GasLog

Peter Livanos-controlled GasLog has launched a near $400m bid to take New York-listed GasLog Partners private. Combined, the two entities would have a fleet of 38 LNG carriers.

Privately held GasLog is offering $7.70 per unit in the unsolicited non-binding proposal for the nearly 70% of the common units it does not control to take GasLog Partners private.

“GasLog Ltd is well positioned to negotiate and complete the transaction in an expeditious manner,” GasLog director Antonis Papadimitriou said in a letter to GasLog Partners.

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Photo of Sam Chambers Sam ChambersJanuary 26, 2023
573 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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