GasLog Partners is splashing out $219m to buy an LNG carrier from its parent company that bolsters its plans to boost its payout to shareholdders.
The New York-listed shipowner, a master limited partnership spinoff of Peter Livanos-backed GasLog, is buying the 174,000-cbm GasLog Greece (built 2016).
The company said the deal will bring about $24m in annual earnings before interests, taxes, depreciation and amortisation and $13m to distributable cash flow each year in the first 12 months after it closes.
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