Peter Livanos-controlled GasLog has completed a merger with its affiliate, GasLog Partners.
The deal saw GasLog take the owner of 11 LNG ships private by acquiring shares it does not currently own for $8.65 per share, including a special dividend of $3.28 per share.
Trading in GasLog Partners’s common stock on the New York Stock Exchange will be suspended with immediate effect and the delisting is expected to be effective in around 10 days.
The company’s 8,625% Series A, 8,200% Series B and 8,500% Series C preferred shares will continue to trade on the NYSE.
The unified GasLog fleet will consist of nearly 40 LNG carriers, of which 29 are owned, four are under construction, and one is undergoing conversion into a floating storage and regasification unit.
