Last month, the European Commission approved the joint venture acquisition of France LNG Shipping (FLS).
France LNG had been acquired by a consortium involving Japanese shipping giant NYK, French shipowner, Geogas Maritime and compatriot infrastrucure fund manager, DIF Management, as well as capital market player Marigold, a subsidiary of the Luxemburg-based Access Capital Partners.
The EC, which received the notification of the proposed transaction on 21st August, 2024 - announced that after a ‘thorough’ review the transaction would not disrupt competition in the European market for LNG) shipping.
