BW LPG ups stake in Aurora

BW LPG ups stake in Aurora

BW LPG, in issuing its first quarter results today, has revealed it has continued to buy into rival Aurora.

BW LPG, the world’s largest VLGC owner, now has 19.53% of Aurora’s stock, up by 4.53% at the start of the year.

The Sohmen-Pao family controlled BW LPG first started buying more shares in Aurora when another rival, Avance, initiated buyout plans for Aurora.

BW LPG ceo Martin Ackermann has in the past described to Splash the Aurora share purchases as a “cash generating investment”.

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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