Leif Hoegh & Co aims to take Hoegh LNG private in $214m tie-up with Morgan Stanley

Leif Hoegh & Co said it is looking to take Hoegh LNG Holdings private in a deal with US investment bank Morgan Stanley valuing the company at around $214m.

The Norwegian shipowner, which is Hoegh LNG's largest shareholder, said it plans to acquire the outstanding 50.4% of shares that it does not already own of the Oslo-listed outfit for NOK 23.50