Completion of Acquisition of Avenir LNG Limited
Stolt-Nielsen Limited (Oslo Børs: SNI) is thrilled to announce the successful completion of its compulsory acquisition of Avenir LNG Limited, an undertaking that enhances its robust portfolio in logistics and distribution.
Details of the Acquisition Process
The acquisition process officially commenced following the stock exchange announcement made earlier in March, where Stolt-Nielsen Limited communicated its strategic decision to acquire remaining shares of Avenir LNG not already owned by its subsidiary, Stolt-Nielsen Gas Ltd.
This move signifies Stolt-Nielsen’s commitment to expanding its influence in the energy sector and streamlining its operations within the LNG market. The completion of this acquisition effectively transitions Avenir LNG into a wholly owned subsidiary.
Future Corporate Developments
In light of this acquisition, plans are underway to request the delisting of Avenir LNG from Euronext N-OTC. The expectation is that this process will proceed smoothly and conclude in the near future, further integrating Avenir LNG into Stolt-Nielsen's vast organizational structure.
Advisory Support in the Acquisition
The acquisition was supported by expert advisors ensuring a seamless transition. DNB Markets, representing DNB Bank ASA, served as the financial advisor throughout this process.
Additionally, Advokatfirmaet Thommessen AS provided legal counsel, allowing Stolt-Nielsen Limited to navigate the complexities of the acquisition effectively.
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNI) stands as a prominent name in the logistics and aquaculture sectors. The Company is dedicated to long-term investments and better management practices focused on logistics, distribution, and continuous innovation.
With its diversified portfolio including Stolt Tankers, Stolthaven Terminals, and Stolt Sea Farm, Stolt-Nielsen is positioned to remain a key player in global bulk-liquid and chemical logistics, contributing to sustainable growth within the industries it serves.
Contact Information
For further inquiries, Stolt-Nielsen Limited invites individuals to connect with:
Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
Ellie Davison
Head of Corporate Communications
UK +44 (0) 20 7611 8926
e.davison@stolt.com
Frequently Asked Questions
What is the significance of the acquisition of Avenir LNG?
This acquisition allows Stolt-Nielsen Limited to fully integrate Avenir LNG into its operations, enhancing its strategic presence in the LNG sector.
What steps will follow the completion of the acquisition?
Stolt-Nielsen plans to delist Avenir LNG from Euronext N-OTC, simplifying its corporate structure.
Who advised Stolt-Nielsen Limited during this acquisition?
DNB Markets acted as the financial advisor while Advokatfirmaet Thommessen AS provided legal guidance.
How does this acquisition fit into Stolt-Nielsen's overall strategy?
The acquisition aligns with Stolt-Nielsen's long-term investment strategy, allowing for greater operational synergy and market presence.
What is the future outlook for Stolt-Nielsen Limited?
With this acquisition, Stolt-Nielsen is poised for sustainable growth, capitalizing on new opportunities in logistics and aquaculture sectors.
