BW LPG takes Avance Gas VLGC fleet in $1bn deal

John Fredriksen-controlled Avance Gas has struck a deal to sell its entire very large gas carrier (VLGC) fleet to Andreas Sohmen-Pao’s BW LPG in a $1.05bn cash and shares deal. The Oslo-listed unit of Singapore’s BW Group will be taking over 12 ships built between 2015 and 2023, adding to its fleet of 41 VLGCs. …

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