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Dorian shares not an option for BW LPG

BW LPG today has said that it will not exercise its option to purchase 6 million shares in Dorian LPG, purchased in July by another BW Group subsidiary, BW Euroholdings.

BW Euroholdings acquired the shares from Scorpio Tankers in July in a $92m deal, and granted BW LPG the option to purchase them.

Dorian LPG is listed in New York and owns a fleet of nine VLGC with another 13 set to deliver this year and next.

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Published on:
August 28, 2015
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