Avenir LNG reported yesterday that Stolt-Nielsen Limited has completed the compulsory acquisition of all remaining shares in Avenir LNG. As a result, Avenir LNG is now a wholly owned subsidiary of Stolt-Nielsen Gas Ltd.
Avenir LNG, with a fleet of small-scale LNG vessels and terminal assets, supplies small-scale LNG to off-grid industry, power generation and marine transport.
The company made a reference to the stock exchange announcement of March 5, according to which Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd. had resolved to proceed with a compulsory acquisition of the shares of Avenir LNG not already owned by Stolt-Nielsen Gas Ltd.
As reported, a request to have Avenir LNG delisted from Euronext N-OTC will be submitted, and it is expected that such delisting will occur shortly.
Stolt-Nielsen is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture.
The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses – Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and various investments.
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
