BlackRock Buys up 45% of GasLog
Feb 23, 2021 11:45:am
Summary
by: William Powell
Private equity firm BlackRock s Global Energy & Power Infrastructure (GEPIF) team is to buy all the outstanding shares in LNG shipowner Gasl.
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GasLog to Go Private in Merger Deal with BlackRock – gCaptain gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
GasLog Ltd Announces Take Private Transaction with BlackRock s Global Energy & Power Infrastructure Team - Energy Industry Today einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
GasLog Ltd. Announces Take Private Transaction with BlackRock’s Global Energy & Power Infrastructure Team
GasLog Ltd. announced that it has entered into an agreement and plan of merger (the “Merger Agreement”) with BlackRock’s Global Energy & Power Infrastructure team (collectively, “GEPIF”), which is focused on essential, long-term infrastructure investments in the energy and power sector. Under the Merger Agreement, GEPIF will acquire all of the outstanding common shares of GasLog that are not held by certain existing shareholders of GasLog, including Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and a wholly owned affiliate of the Onassis Foundation (collectively, the “Rolling Shareholders”), in exchange for $5.80 in cash per common share (the “Transaction”). The $5.80 per share acquisition price represents a 17% premium to the closing price of GasLog’s common shares on February 19, 2021 and a 22% premium to the volume weighted average
GasLog Shares Rise 18% After BlackRock Share Buy morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.