Höegh LNG Holdings’ (HLH) recommended offer by Leif Höegh & Co Ltd (LHC) and funds managed by Morgan Stanley Infrastructure Partners (MSIP), through a 50/50 joint venture, Larus Holding Limited, is to go ahead.
However, it is still subject to the customary closing conditions.
HLH said that the required waivers of specific change of control and/or de-listing provisions, in relation to certain of the company’s secured credit agreements, had been obtained.
It is expected that the transaction’s will be completed during the week commencing 3rd May, 2021.
Immediately following its completion, the amalgamated company would be wholly-owned by the joint venture, and as a result, HLH’s common shares will be de-listed from the Oslo Stock Exchange.