Crown LNG Announces Execution Of Final Agreements To Acquire Kakinada And Grangemouth LNG Import Terminal Assets; Total Consideration For The KGLNG Acquisition Will Be Made In Shares Of Crown LNG Equal To $60M; Total Consideration For The GBTron Acquisition Will Be Made In Shares Of Crown LNG Equal To $25M
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Crown LNG Holdings Limited (NASDAQ:CGBS) has finalized agreements to acquire LNG import terminal assets in Kakinada, India, and Grangemouth, Scotland. The acquisitions, valued at $60M and $25M respectively, will be paid in Crown LNG shares. These strategic moves aim to enhance Crown LNG's presence in the global LNG infrastructure network.
November 01, 2024 | 8:21 pm
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Crown LNG Holdings Limited has completed acquisitions of LNG terminal assets in India and Scotland, valued at $60M and $25M respectively, paid in shares. This expands Crown's global LNG infrastructure presence.
The acquisitions are significant for Crown LNG as they expand its asset base and presence in key markets. The payment in shares indicates confidence in the company's valuation and future prospects. The strategic locations in India and Scotland align with global energy security trends, potentially boosting investor sentiment.
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