Stolt-Nielsen to Acquire Stake in Avenir LNG
Deal News | Jan 27, 2025 | Globenewswire
Type 1: In a strategic expansion within the LNG sector, Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., has signed a share purchase agreement to acquire all shares of Avenir LNG Limited held by Golar LNG Limited and Aequitas Limited. The transaction, expected to finalize in Q1 2025, will result in Stolt-Nielsen Gas controlling 94.37% of Avenir LNG's shares and votes. Avenir LNG is renowned for its small-scale LNG supply and operations, designed to support the marine energy transition with a modern fleet. Stolt-Nielsen's CEO, Udo Lange, emphasized the move as a commitment to sustainable energy solutions across maritime, industrial, and power generation markets. Jonathan Quinn, Avenir LNG's Managing Director, expressed excitement about the enhanced partnership strength post-acquisition, aligning with their goals to lead the small-scale LNG market. Post-transaction, Stolt-Nielsen plans to offer to buy remaining shares of Avenir LNG, with DNB Markets advising financially on the deal.
Sectors
- Liquefied Natural Gas (LNG)
- Maritime Transportation
Geography
- Norway – Stolt-Nielsen Limited is listed on the Oslo Stock Exchange and operates within Norway's regulatory environment.
- United Kingdom – The contact information for further inquiries includes a UK-based representative.
Industry
- Liquefied Natural Gas (LNG) – The article discusses the acquisition of a company involved in the LNG industry, focusing on small-scale LNG supply and support for the marine energy transition.
- Maritime Transportation – Avenir LNG operates a fleet of LNG bunkering vessels, indicating a prominent role in maritime transportation.
Financials
- 94.37% – Percentage of shares and votes in Avenir LNG that Stolt-Nielsen Gas Ltd. will control post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stolt-Nielsen Limited | Acquirer | Company | A long-term investor in logistics, distribution, and aquaculture sectors listed on the Oslo Stock Exchange. |
| Avenir LNG Limited | Target | Company | Specializes in small-scale LNG supply with a focus on marine energy transition. |
| Golar LNG Limited | Vendor | Company | A participant in the sale of shares in Avenir LNG. |
| Aequitas Limited | Vendor | Company | Another participant in the sale of shares in Avenir LNG. |
| DNB Markets | Financial Advisor | Company | Advising Stolt-Nielsen Limited on the financial aspects of the transaction. |
| Udo Lange | CEO of Stolt-Nielsen Limited | Person | Commented on the strategic importance of the acquisition. |
| Jonathan Quinn | Managing Director of Avenir LNG | Person | Expressed enthusiasm about the future prospects post-acquisition. |