LNG

April 27 (LNG) - Flex LNG said it was considering entering a transaction for the acquisition of two M-type, electronically-controlled, gas-injection (MEGI) LNG carriers currently under construction at Daewoo Shipbuilding and Marine Engineering in South Korea and scheduled for delivery in the second and third quarters of 2019. The Flex ships would be purchased from affiliates of its biggest shareholder Geveran Trading, indirectly controlled by trusts established by the Norwegian shipping tycoon John Fredriksen. Flex has already partially financed the deal for the two ships through a private placement of shares to raise around $125 million at 12 Norwegian crowns ($1.40) per share. The Nordic investment banks and broking companies Arctic Securities, DNB Markets, Fearnley Securities AS and Pareto Securities acted as joint lead managers in the placement.