With 96% of Aurora, BW LPG to buy the rest

BW LPG plans to buy the rest of Aurora LPG after bringing its stake above the 90% mark.

The Oslo-listed LPG carrier owner said today that it now owns nearly 96.4% of outstanding shares in its smaller rival after closing a voluntary offering.

That gives the company the right to launch a compulsory acquisition of the remaining shares.

Doing it

"BW LPG confirms with this announcement that it intends to proceed with a compulsory acquisition of the remaining Aurora LPG shares," the company said.

It