Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., has announced its entry into a share purchase agreement to acquire all shares of Avenir LNG Limited held by Golar LNG Limited and Aequitas Limited. The transaction is expected to close in the first quarter of 2025, subject to the satisfaction of customary closing conditions outlined in the agreement. Upon completion, Stolt-Nielsen Gas Ltd. will hold approximately 94.37 percent of Avenir LNG’s outstanding shares and voting rights.
Avenir LNG is a leader in the small-scale liquefied natural gas sector, with a focus on supporting the marine energy transition. The company operates one of the largest fleets of small-scale LNG vessels, consisting of five modern LNG bunkering ships and two additional vessels currently under construction.
Commenting on the acquisition, Udo Lange, CEO of Stolt-Nielsen Limited, stated:
“I am very pleased to announce this increased investment in Avenir LNG. This strategic move not only strengthens our position in the LNG sector but also underscores our commitment to pursuing more sustainable energy solutions for the maritime, industrial, and power generation markets. I am excited about the possibilities ahead and confident that this partnership will propel us into new avenues of growth and impact.”
Jonathan Quinn, MD of Avenir LNG, remarked:
“Today marks an exciting new chapter for Avenir LNG as we continue to execute our strategy to become the leading small-scale LNG shipping and trading company. On behalf of the entire team at Avenir LNG, I wish to extend my thanks to the founding shareholders whose support and guidance have been instrumental in positioning Avenir LNG at the forefront of the marine energy transition since we launched in October 2018. With the increased support from Stolt-Nielsen Limited, Avenir LNG is well-positioned to act dynamically as we pursue our growth strategy in this burgeoning market.”
Following the completion of the transaction, Stolt-Nielsen Gas Ltd. intends to offer to acquire the remaining shares of Avenir LNG from other shareholders. Additional details about this potential offer will be made available on Avenir LNG’s ticker, AVENIR, on Euronext NOTC.
DNB Markets, a division of DNB Bank ASA, is acting as the financial advisor for Stolt-Nielsen Limited in this transaction.
This announcement contains information classified as inside information under the EU Market Abuse Regulation and complies with disclosure requirements pursuant to MAR Article 17 and Section 5-12 of the Norwegian Securities Trading Act. It was originaly published by Stolt-Nielsen Limited on January 27, 2025.
For more information visit www.stolt-nielsen.com
