LNG

Wärtsilä Corp. of Finland, the supplier of engines for LNG carriers and other vessels, is in talks to buy UK-based Hamworthy, the maker of ship-based LNG regasification systems, for around $580 million, which would create a world-leading LNG marine equipment company.

Wärtsilä and Hamworthy issued statements saying they were in "advanced discussions" on the Finnish company paying 825 pence cash for each Hamworthy share, amounting to 370M pounds ($583M), a 22 percent premium on the last closing price.

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