BW LPG India agrees to sell BW Birch, expects net cash proceeds of about US$64 million - BWLP News | RalliesBW LPG India agrees to sell BW Birch, expects net cash proceeds of about US$64 million
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BWLP• BW LPG India agrees to sell BW Birch
- BW LPG agreed to sell the 2007-built VLGC BW Birch through its 52%-owned BW LPG India for continued trading.
- The transaction is expected to generate a net book gain of about USD 37 million on a 100% basis.
- Net cash proceeds are seen at around USD 64 million, with delivery to the buyer due by mid-November.
- The sale was valued at an equivalent newbuilding price of about USD 248 million, supporting BW LPG’s fleet renewal program.
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