Loading...
Loading...
Teekay LNG Partners L.P.
TGP today announced that it has reached an agreement in principle to acquire a 50 percent interest in two liquefied natural gas carriers owned by Belgium-based shipping group Exmar NV for an equity purchase price of approximately $70 million (including approximately $7 million of working capital and other cash assets) plus the assumption of approximately $100 million in pro rata debt secured by these vessels.
Exmar will retain a 50 percent ownership interest and continue to operate the two vessels.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in