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Bermuda shipping company buys stake in LNG business Published by: Sandy Bhadare at 17 Dec 2020 Bermuda-headquartered shipping and oil and gas production company BW Group has bought an approximate 39.1... Bermuda-headquartered shipping and oil and gas production company BW Group has bought an approximate 39.1% stake in United Kingdom liquefied natural gas (LNG) carrier services company Navigator Holdings. BW Group will acquire the shares in New York Stock Exchange-listed Navigator Holdin...

© Dragec / MarineTraffic.com Private equity firm WL Ross & Co. said it has agreed to sell its approximately 39.1% equity interest in ship owner-operator Navigator Holdings to maritime and offshore company BW Group at a price of $9 per share. "Navigator Holdings has been an industry leader since we made the initial investment. We think the company's future is bright, and this long-term investment from BW Group will position the company to realize its potential," said Hal Malone, Head of Transportation of WL Ross. Andreas Sohmen-Pao, Chairman of BW Group, said "BW is excited to be taking an ow...

BW Group acquires 39.1 % interest in Navigator Holdings December 16, 2020, by Jasmina Ovcina BW Group Limited has bought a 39.1% equity interest in Navigator Holdings, owner and operator of the world’s largest fleet of handysize liquefied gas carriers, from WL Ross. Navigator Holdings has a fleet of 38 semi- or fully-refrigerated liquefied gas carriers, 14 of which are ethylene and ethane capable.  The company is engaged in the transportation of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (LPG) and ammonia and o...

Share this article Share this article NEW YORK, Dec. 15, 2020 /PRNewswire/ -- WL Ross & Co. LLC ("WL Ross") today announced that it has agreed to sell, on behalf of funds managed by WL Ross, their approximately 39.1% equity interest in Navigator Holdings Ltd. (NYSE: NVGS) ("Navigator Holding") to BW Group Limited ("BW Group") at a price of $9.00 per share, which represents a 9.4% premium to Navigator Holdings'10-day volume-weighted average share price as of December 14, 2020. Hal Malone, Head of Transportation of WL Ross, said, "Navigator Holdings has been an industry leader since we made t...