Fleet owner Teekay LNG Partners follows Höegh LNG and GasLog into the hands of New York funds
Teekay LNG Partners has become the latest fleet owner to be targeted by a US investment fund with Stonepeak Infrastructure Partners setting up a deal worth $6.2 billion to acquire the Bermuda-based shipping line, which has a large portfolio of vessels under charter contracts and part ownership of a Middle East LNG import terminal.
Höegh LNG merger with Morgan Stanley is opposed by key Spanish shareholder ahead of Bermuda vote
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.
Norway’s Höegh LNG is latest fleet owner to be targeted for merger with Wall Street banking interests
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.
