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BW Epic Kosan heading private in takeover deal with J Lauritzen and Nicholas Lykiardopulo - TradeWinds

TradeWinds · last updated

BW Epic Kosan heading private in takeover deal with J Lauritzen and Nicholas Lykiardopulo | TradeWinds

BW Epic Kosan (BWEK) shareholders J Lauritzen and Nicholas Lykiardopulo have struck a deal to take the Singapore LPG carrier owner private.

The pair have formed a new company called Web Holding to launch an offer valuing the BW Group-controlled operation at $349m.

Shareholders will be paid NOK 24 ($2.23)

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