BW Group has launched a takeover offer for fellow Singaporean LPG owner Epic Gas after acquiring a 54.7% stake from shareholders for about $50m.
This included the purchase of all of the shares held by certain affiliates of Jefferies Financial Group and DVB SIIM.
It continues a busy period for the Singaporean group which has been blazing a merger-and-acquisition trail with successful deals in the product and chemical tanker markets over the past year.
