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BW LPG takes final Aurora LPG shares

BW LPG has announced it will buy out the remaining shares of Aurora LPG now that it controls 96% of the float.

“BW LPG confirms with this announcement that it intends to proceed with a compulsory acquisition of the remaining Aurora LPG shares,” the company said.

As consideration for the tendered Aurora LPG shares, BW LPG will pay a total cash consideration of NOK132,862,203.60. In addition, BW LPG will issue in total 5,647,543 consideration shares to Aurora LPG shareholders who have chosen to receive their consideration partially in BW LPG shares.

The nine-ship Aurora fleet takes BW LPG’s fleet to 52 ships, giving it a dominant position in the VLGC trades worldwide.

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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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