LNG

Nov 27 (LNGJ) - Kosmos Energy, the partner of BP in the development of floating LNG export projects planned for offshore Mauritania and Senegal, has agreed various share transactions including a public offering and a share repurchase deal. Kosmos said that funds affiliated with global brokers Warburg Pincus were organizing the deals and Kosmos would not receive any of the proceeds as the transactions were aimed at an agreed reduction in Warburg’s stake in the Dallas, Texas-based company. “We are very pleased to come to an agreement with Warburg to help facilitate and accelerate a significant reduction in their position,” said Andrew G. Inglis, Chairman and Chief Executive of Kosmos. “We were able to take advantage of this unique opportunity and our strong balance sheet to re-purchase shares at an attractive price. In addition, these transactions further broaden our shareholder register and increases the company's free float,” added Inglis.