Samudera Shipping is increasing its stake in joint venture LNG East-West Shipping to 50%.
Singapore-listed, Jakarta-based Samudera said in a regulatory filing on Thursday that it had entered into a share purchase agreement to acquire 5.5m shares in LNG East-West for a consideration of $14.8m.
The deal, which is expected to be completed by mid-December, will lift Samudera’s shareholding from 25% to 50%.
