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GasLog Ltd. Announces Take Private Transaction with BlackRock's Global Energy & Power Infrastructure Team - Energy Industry Today

GasLog Ltd. Announces Take Private Transaction with BlackRock's Global Energy & Power Infrastructure Team

GasLog Ltd. Announces Take Private Transaction with BlackRock’s Global Energy & Power Infrastructure Team GasLog Ltd. announced that it has entered into an agreement and plan of merger (the “Merger Agreement”) with BlackRock’s Global Energy & Power Infrastructure team (collectively, “GEPIF”), which is focused on essential, long-term infrastructure investments in the energy and power sector. Under the Merger Agreement, GEPIF will acquire all of the outstanding common shares of GasLog that are not held by certain existing shareholders of GasLog, including Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and a wholly owned affiliate of the Onassis Foundation (collectively, the “Rolling Shareholders”), in exchange for $5.80 in cash per common share (the “Transaction”). The $5.80 per share acquisition price represents a 17% premium to the closing price of GasLog’s common shares on February 19, 2021 and a 22% premium to the volume weighted average

BlackRock's Global Energy & Power Infrastructure Backs GasLog

BlackRock’s Global Energy & Power Infrastructure Backs GasLog GasLog Ltd. has entered into an agreement and plan of merger with BlackRock’s global energy and power infrastructure team, which is focused on essential, long-term infrastructure investments in the energy and power sector. Under the merger agreement, GEPIF will acquire all of the outstanding common shares of GasLog that are not held by certain existing shareholders of GasLog, including Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and a wholly owned affiliate of the Onassis Foundation, in exchange for $5.80 in cash per common share. The members of the board unanimously approved the merger agreement and transaction.

These Photographs of the Parthenon Covered by a Rare Snowstorm Like a Magical Ancient Wedding Cake Are Going Viral

A rare sight of the snow-covered Acropolis. Photo: © Stavros Petropoulos Alaska For Onassis Foundation. Best known for its ancient architecture and balmy clime, the city of Athens, Greece is currently blanketed in inches of snow, with temperatures dipping into the negative digits. The city has not seen this much snow in a decade and it’s all happening in the midst of another two-week lockdown. With schools closed, local children took to the streets for impromptu snowball fights while photographers captured the unusual view of the city’s ancient monuments, including the Parthenon and the Acropolis, in a winter wonderland.

Acropolis shines amid a winter wonderland backdrop in Athens this week