Avance Gas Holding (AVACF) has released an update.
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Avance Gas Holding has delivered the 2015-built vessel Pampero to BW LPG as part of a $1,050 million fleet sale, receiving 1.350 million shares in BW LPG and net cash proceeds of approximately $7 million. This increases Avance Gas’s ownership in BW LPG to 7.28%, with the shares under a 40-day lock-up period. Five more vessels are scheduled for delivery later in December 2024.
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Avance Gas Expands Stake in BW LPG with Fleet Sale
