LNG

July 14 (LNGJ) - Belgian shipping company Exmar, which chartered a regasification barge to the Netherlands and sold a floating LNG production vessel to Italy’s Eni for deployment in Africa, has altered share totals and schedules to progress with the takeover of Exmar by Saverex NV, the holding company of the family of Exmar Executive Chairman Nicolas Saverys.

   A statement said the initial acceptance period of the voluntary and conditional public takeover bid had an initial acceptance of 77.76 percent of the outstanding shares. Saverex has, therefore, decided to waive the 95 percent acceptance threshold and was proceeding with the bid. The payment of the bid price for the shares offered during the initial acceptance period is still scheduled for July 27. Saverex has also decided voluntarily to reopen the bid from Monday 28th August until Friday15th September 2023 at 16:00 (Belgian time).

Exmar, the Belgian shipping and projects company with more than 40 vessels in its fleet and now mostly focused on the liquefied petroleum gas business and LNG shipment management, said the Bank of China had finally released financing for the “Tango FLNG” production barge deployed in Argentina while the vessel itself was earning income as it liquefied shale gas from the Vaca Meurta Basin.