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Höegh LNG to merge with MSIP funds


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Höegh LNG Holdings Ltd has announced a recommended offer by Leif Höegh & Co. Ltd (LHC) and Funds managed by Morgan Stanley Infrastructure Partners (MSIP) through a 50/50 joint venture, Larus Holding Limited (JVCo), to acquire the remaining issued and outstanding shares of the Company not currently owned by LHC or its affiliates, representing approximately 50.4% of the shares outstanding, by way of amalgamation between Larus Limited, a subsidiary of JVCo (BidCo), and the Company. All of the Company’s shares (other than those owned by LHC and its affiliates) will be cancelled for a consideration in cash of NOK 23.50 per share (the ‘Transaction’) pursuant to an amalgamation agreement entered into between the Company and BidCo (the ‘Amalgamation Agreement’). Immediately following the completion of the Transaction, the amalgamated company would be wholly-owned by JVCo, and the common shares of Höegh LNG Holdings Ltd will be delisted from the Oslo Stock Ex ....

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BlackRock Takes GasLog Private


BlackRock Takes GasLog Private
Posted on 02/23/2021
BlackRock’s Global Energy & Power Infrastructure team signed a deal to buy 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 $5.80 per share acquisition price represents a 17% premium to the closing price of GasLog’s common shares on February 19, 2021 and a 22% premium to the volume weighted average share price of GasLog’s common shares over the last 30 days. Gaslog has a transaction enterprise value of approximately US$ 4.9 billion. ....

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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 a ....

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