A dual-listing of BW LPG shares in the US capital markets paved the way for the company to close a $1bn takeover of a VLGC fleet from John Fredriksen, according to chief executive Kristian Sorensen.
The Avance Gas deal continues a run of mergers and acquisitions undertaken by BW LPG and chairman Andreas Sohmen-Pao’s wider BW Group during the past decade since the financial crisis.
