Announcement • Apr 16
Stolt-Nielsen Gas Ltd. completed the acquisition of the remaining 5% stake in Avenir LNG Limited (OTCNO:AVENIR). Stolt-Nielsen Gas Ltd. proposed to acquire remaining 5% stake in Avenir LNG Limited (OTCNO:AVENIR) for Approximately NOK 100 million on March 5, 2025. As part of consideration, Stolt-Nielsen Gas Ltd will pay NOK 11.19 price per share. As outlined in the compulsory acquisition, shareholders of Avenir LNG may, within a one-month period of such notice, starting on March 11, 2025, and ending on April 11, 2025, apply to the Supreme Court of Bermuda for an appraisal of the value of their Avenir LNG shares. Stolt-Nielsen Gas Ltd. is entitled and bound to acquire the Avenir LNG shares of shareholders of Avenir LNG on the terms of the Compulsory Acquisition Notice upon the expiry of one month from the date on which such notice is given, unless a shareholder of Avenir LNG applies to the Supreme Court of Bermuda to appraise the value of their shares within the one month period, whereby Stolt-Nielsen Gas Ltd. may within one month of the court appraising the value of the shares acquire all such shares at the price fixed by the court or cancel the Compulsory Acquisition Notice.
The board of directors of Stolt-Nielsen Gas Ltd. has resolved to proceed with this compulsory acquisition. The completion of the compulsory acquisition and settlement of the purchase price are expected to occur on or about April 16, 2025 and Avenir LNG's shares will be delisted from Euronext N-OTC. DNB Markets acted as financial advisor to Stolt-Nielsen Gas Ltd. Advokatfirmaet Thommessen AS acted as legal advisor to Stolt-Nielsen Gas Ltd.
Stolt-Nielsen Gas Ltd. completed the acquisition of the remaining 5% stake in Avenir LNG Limited (OTCNO:AVENIR) on April 16, 2025. A request to have Avenir LNG delisted from Euronext N-OTC will be submitted. Announcement • Mar 07
Stolt-Nielsen Gas Ltd. proposed to acquire remaining 5% stake in Avenir LNG Limited (OTCNO:AVENIR) for Approximately NOK 100 million. Stolt-Nielsen Gas Ltd. proposed to acquire remaining 5% stake in Avenir LNG Limited (OTCNO:AVENIR) for Approximately NOK 100 million on March 5, 2025. As part of consideration, Stolt-Nielsen Gas Ltd will pay NOK 11.19 price per share. As outlined in the compulsory acquisition, shareholders of Avenir LNG may, within a one-month period of such notice, starting on March 11, 2025, and ending on April 11, 2025, apply to the Supreme Court of Bermuda for an appraisal of the value of their Avenir LNG shares. Stolt-Nielsen Gas Ltd. is entitled and bound to acquire the Avenir LNG shares of shareholders of Avenir LNG on the terms of the Compulsory Acquisition Notice upon the expiry of one month from the date on which such notice is given, unless a shareholder of Avenir LNG applies to the Supreme Court of Bermuda to appraise the value of their shares within the one month period, whereby Stolt-Nielsen Gas Ltd. may within one month of the court appraising the value of the shares acquire all such shares at the price fixed by the court or cancel the Compulsory Acquisition Notice.
The board of directors of Stolt-Nielsen Gas Ltd. has resolved to proceed with this compulsory acquisition. The completion of the compulsory acquisition and settlement of the purchase price are expected to occur on or about April 16, 2025 and Avenir LNG's shares will be delisted from Euronext N-OTC. DNB Markets acted as financial advisor to Stolt-Nielsen Gas Ltd. Announcement • Mar 06
Stolt-Nielsen Gas Ltd. completed the acquisition of an additional stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG). Stolt-Nielsen Gas Ltd. entered into a share purchase agreement to acquire an additional stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG) for $40 million on January 27, 2025. A cash consideration of $40 million will be paid by Stolt-Nielsen Gas Ltd. As part of consideration, $40 million is paid towards common equity of Avenir LNG Limited. The transaction is subject to fulfilment of the conditions under the share purchase agreement and it is expected to close in the first quarter of 2025.
Stolt-Nielsen Gas Ltd. completed the acquisition of an additional stake in Avenir LNG Limited (OTCNO:AVENIR) from Golar LNG Limited (NasdaqGS:GLNG) on March 5, 2025. On completion, Stolt-Nielsen Gas Ltd holds 95% stake in Avenir LNG Limited and will launch a compulsory acquisition to pursue a delisting of Avenir LNG's shares from Euronext N-OTC. DNB Markets acted as financial advisor to Stolt-Nielsen Gas Ltd. 
