Danish investment company J. Lauritzen recently initiated the privatization of BW Epic Kosan Ltd in collaboration with its fellow shareholders.

Web Holding Limited, a company incorporated under the laws of Bermuda by J. Lauritzen A/S, has announced a recommended voluntary offer to acquire all outstanding shares in BW Epic Kosan.

Shareholders of BW Epic Kosan will be offered a cash offer price of NOK 24 per share in BW Epic Kosan.

“This strategic move reflects our commitment to optimizing our portfolio and seeking new opportunities in the maritime sector. With this development, we aim to continue delivering value and innovation in the industry. We would like to express our gratitude to all those involved in making this privatization a reality. We would like to express our gratitude to all those involved in making this privatization a reality,” said J. Lauritzen in a post released today.

As it is revealed today, the directors of the offeror are Kristian Mørch and Nicholas Lykiardopulo.

Following the merger between Lauritzen Kosan and Epic Gas Ltd in early 2021, J. Lauritzen became a shareholder of BW Epic Kosan Ltd, with a holding of about 25%.

In late 2022, J. Lauritzen increased its shareholding to about 31%.

BW Epic Kosan is the world’s largest owner and operator in the 3,500 to 12,000 cbm gas carrier segment, providing global seaborne services for shippers of liquefied petroleum gases and petrochemicals.

BW Epic Kosan Ltd. is listed on Euronext Growth at Oslo Børs (the Oslo Stock Exchange).

Shipping Telegraph reported in June the move of the investment firm J. Lauritzen to expand its partnership with Cargill by adding a third methanol dual-fuel 81,200 dwt Kamsarmax bulk carrier to its existing order of two vessels.

J. Lauritzen said the vessels are capable of trading with zero carbon emissions when powered by green methanol, and bio diesel. All three vessels will be built by Tsuneishi Group Shipbuilding.