Apollo Global Management (APO) funds agreed to acquire Hav Energy LNG Holding, a maritime liquefied natural gas carrier or LNGC infrastructure platform, from HitecVision, according to a Tuesday statement from Apollo and HitecVision.
Financial details were not disclosed.
Hav Energy and its partner Knutsen LNG invest in LNGC infrastructure projects and the partners jointly own 10 newbuild LNGCs that are 100% contracted on long-term charters, according to the statement.
Price: 133.14, Change: -0.84, Percent Change: -0.63
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.