China Development Bank Financial Leasing (CDB Leasing) has agreed to acquire two more LNG carriers from parties related to Peter Livanos-backed GasLog.
The Hong Kong-listed leasing company has agreed to buy the 155,000-cbm GasLog Saratoga (built 2014) and the GasLog Sydney (built 2013) for a combined total of $284m, according to a regulatory filing.
GasLog and GasLog Partners have agreed to leaseback the GasLog Saratoga and GasLog Sydney, respectively, under five-year deals with no purchase option or obligation, but which will include a profit-share mechanism.
