George Procopiou strikes sale-and-leaseback deal for three LNG carrier newbuilds

Greek shipowner George Procopiou has struck a sale-and-leaseback deal with China Development Bank Financial Leasing (CDB FL) over three LNG carrier newbuildings.

In a regulatory filing, the Hong Kong-listed leasing arm of state-owned China Development Bank said it is buying three 200,000-cbm LNG carrier newbuildings from three special purpose vehicles (SPVs) of Pure Energy Limited which is owned by the Procopiou family for not more than $596.52m.