Avance Gas makes Dorian LPG merger its top target

Avance Gas has set its sights firmly on a merger with rival Dorian LPG after arming itself with fresh equity from its initial public offering (IPO) in Oslo.

Avance saw an offer for the New York IPO hopeful rejected in the early weeks of 2014 but the dismissal has not dimmed its enthusiasm for a deal.

Christian Andersen, president of Avance, told TradeWinds: “Even though we did not succeed in our efforts earlier this year, a merger with Dorian LPG is top priority for us.

“The