After unveiling a $110m plan to secure a majority stake in Navigator Gas, the chairman of WL Ross & Co told TradeWinds that his firm is still looking at “other aspects” of the industry and “looking forward to making more investments in it”.
Ross didn’t elaborate on which sector would be his preferred target but indicated his company doesn’t intend to splash more cash on the London-based owner of 16 gas-carriers after it completes a transaction with Lehman Brothers that will see its holding top 50%, at least in the near-term.
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