Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., has entered into a share purchase agreement to acquire all the shares of Avenir LNG Limited, owned by Golar LNG Limited and Aequitas Limited.
The Transaction is expected to be completed during the first quarter of 2025 (subject to fulfilment of the conditions to closing under the share purchase agreement). Upon completion, Stolt-Nielsen Gas Ltd. will control approximately 94.37% of the outstanding shares and votes in Avenir LNG.
This strategic move not only strengthens our position in the LNG sector but also underscores our commitment to pursuing more sustainable energy solutions for the maritime, industrial, and power generation markets.
… commented Udo Lange, CEO, Stolt-Nielsen Limited
Avenir LNG owns and operates a fleet of five modern small-scale LNG bunkering vessels, with two newbuildings under construction. Subject to completion of the Transaction, Stolt-Nielsen Gas Ltd. intends to offer to buy the shares of all remaining shareholders in Avenir LNG.
DNB Markets, a part of DNB Bank ASA, is acting as financial advisor to Stolt-Nielsen Limited.
With the increased support from Stolt-Nielsen Limited, Avenir LNG is well positioned to act dynamically as we pursue our growth strategy in this burgeoning market.
… said Jonathan Quinn, Managing Director Avenir LNG.
