Greek Shipowner Peter G. Livanos of GasLog has completed the previously announced merger with GasLog Partners.
New-York listed GasLog Partners, an international owner, operator and acquirer of LNG carriers, and a partnership controlled by GasLog Ltd, today announced that it has completed the previously announced merger pursuant to which GasLog, acquired all of the outstanding common units of GasLog Partners.
Trading in GasLog Partner´s common units on the New York Stock Exchange will be suspended with immediate effect, and the delisting of the common units from the NYSE is expected to be effective in approximately 10 days.
The closing of the transaction earlier today follows a special meeting of the common unitholders of GasLog Partners, held virtually on July 7, where the common unitholders voted to approve the agreement and plan of merger.
Shipping Telegraph has reported in January this year that GasLog Partners LP have received a buyout offer from GasLog Ltd.
In January we reported that the shipowner GasLog Partners have received an unsolicited non-binding proposal from GasLog to acquire all of the outstanding common units, representing limited partner interests of the partnership not already beneficially owned by GasLog.
GasLog Partners fleet portfolio consists of eleven wholly-owned LNG carriers as well as three vessels on bareboat charters, with an average carrying capacity of approximately 159,000 cbm.
Peter G. Livanos is the chairman and a member of GasLog board of directors.
Mr. Livanos founded the subsidiary GasLog LNG Services in 2001 and has been a director of GasLog Partners LP since the closing of its initial public offering in May 2014.
