BW LPG Announces Sale of BW Mistral for $104 Million
BW LPG (BWLP) has reached an agreement to sell its 2015-built vessel, the BW Mistral, for approximately $104 million in net cash proceeds. The vessel was previously integrated into the company's fleet following the 2024 acquisition of Avance Gas. The transaction is expected to be highly accretive to the company's balance sheet, with an estimated net book gain of approximately $37 million. This sale reflects a strategic move to realize value from assets acquired during recent expansion efforts.
Tickers: $BWLP
Topics: asset divestment net book gain vessel sale