Stolt-Nielsen announced on Wednesday that the compulsory acquisition process had been completed, and Avenir LNG is now fully owned by its unit Stolt-Nielsen Gas.
“A request to have Avenir LNG delisted from Euronext N-OTC will be submitted, and it is expected that such delisting will occur shortly,” the company said.
Last month, Stolt-Nielsen launched an offer to buy Avenir LNG’s remaining shares after it bought stakes from Golar LNG and Hoegh family holding company Aequitas.
Stolt-Nielsen Gas held more than 95 percent of the outstanding shares and votes in Avenir LNG at the time of the announcment.
Stolt-Nielsen said the purchase price for the compulsory acquisition is $1 per Avenir LNG share, which is the same price per Avenir LNG share as in the transaction.
Avenir LNG has a fleet of five vessels on the water and two under construction.
It’s worth mentioning here that Golar LNG said it will remain a 25 percent shareholder and debt provider to Higas, the LNG storage terminal in Italy’s Sardinia that was spun off from Avenir in October 2024.
Avenir LNG said in October 2024 that it plans to divest its ownership of the Higas LNG storage terminal in Sardinia to three of its existing shareholders, as part of a strategic refocus of its business.
