Höeng LNG Completes Its Accession Process

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  • Höegh LNG Holdings Ltd. has announced the completion of its previously announced acquisition of Höegh LNG Partners LP.
  • The Partnership’s 8.75% Series A Cumulative Redeemable Preferred Units will remain outstanding.

Höegh LNG: Acquisition of Höegh LNG Partners LP completed, reports Höeng LNG.

Höeng LNG

Höegh LNG is owned by Larus Holding Limited, a 50/50 joint venture between Leif Höegh & Co. Ltd. and Funds managed by Morgan Stanley Infrastructure Partners, and owns approximately 46% of Höegh LNG Partners LP.

Höeng LNG is one of the most skilled operators of LNG Carriers. It governs worldwide with a prominent stance as the owner and operator of floating LNG import terminals, floating storage and regasification units (FSRUs), and (LNGCs). 

Its Vision is “Enabling the transition to Clean Energy.”

The acquisition

Höegh LNG Holdings Ltd. has declared the fulfillment of its recently announced accession of Höegh LNG Partners LP. 

Höegh LNG has acquired all of the outstanding common units of the Partnership not already owned by Höegh LNG.

The Partnership’s 8.75% Series A Cumulative Redeemable Preferred Units will remain outstanding.

As an outcome of the culmination of the acquisition, the Common Units will no longer be listed on any quotation system or exchange, containing the New York Stock Exchange. 

The Partnership’s reporting responsibilities about the outstanding Series A Preferred Units under the United States Securities Exchange Act of 1934, as amended, and the NYSE stays intact.

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Source: Höeng LNG

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