BW’s takeover of Epic Gas nears completion

BW’s takeover of Epic Gas nears completion

BW Group’s acceptance period for its voluntary unconditional offer of Epic Gas passed yesterday with the Andreas Sohmen-Pao-led company now controlling 82.58% of the Singapore-based LPG company.

Epic Gas stated in a release sent to the Oslo Bors today that it will maintain its listing on Merkur Market and will continue to operate independently from BW Group.

Charles Maltby, chairman and CEO of Epic Gas, said, “We thank our departing shareholders for their support over many years which enabled us to build a company with the largest and youngest comparable fleet, operating at the highest standards. We are pleased to have the continued support from those shareholders that elected to remain and see this as an endorsement of our strategy to further expand our leading position in the pressurised LPG sector. The world needs LPG and we have a strong global platform, focused on the delivery of high quality, safe, long-term solutions for our customers.”

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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