Norway’s Ocean Yield has made its first foray into LNG shipping in a deal with infrastructure fund CVC DIF.
The sale-and-purchase specialist, backed by US private equity giant KKR, said it has agreed to buy the fund’s unspecified stake in France’s Geogas LNG.
The holding has previously been reported at 50%, giving Ocean Yield an indirect interest of up to 34% in France LNG Shipping (FLS), an owner of eight LNG carriers.
