LNG

A Spanish equity fund, which holds a 15 percent stake in Norwegian LNG fleet owner Höegh LNG Holdings, said it planned to vote against the takeover offer led by Morgan Stanley and Höegh family interests at a meeting scheduled for March 30 at Höegh’s registered office in Bermuda.

Höegh LNG, the Norwegian LNG fleet owner and floating terminal projects company with vessel contracts for China and India, said it planned to merge with funds managed by Morgan Stanley Infrastructure Partners in the latest carrier shipping fleet to be targeted by Wall Street banking interests.