Avance Gas Holding Ltd: Closing of the sale of the MGC fleet and extraordinary dividend of $0.75 per share [Yahoo! Finance]
BW LPG Limited Common Shares (BWLP)
Company Research
Source: Yahoo! Finance
Avance Gas Holding Ltd ("Avance Gas" or "Company") (OSE: AGAS) today announce closing of the sale of the Medium Sized Gas Carrier (“MGC”) fleet to subsidiaries of Exmar LPG B.V. (“Exmar”) for a consideration of $282.4 million. As communicated in connection with the fourth quarter results on February 12, 2025, the remaining subject for the transaction was issuance of new refund guarantees by the yard to Exmar which concurrently triggered a release of $62.1 million from escrow account to Avance Gas. Hence, Avance Gas has now received reimbursement of the $62.1 million of yard instalments already paid by Avance Gas to the yard. At the same time, Exmar as legal owner of the ship building contracts is now responsible for the remaining $1
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BWLP
Sec Filings
- 3/31/25 - Form 6-K
- 3/28/25 - Form 6-K
- 3/28/25 - Form 6-K
- BWLP's page on the SEC website