BW Gas set for $347m buy-out of Yara's ships

Burridge, Elaine
May 2006
ICIS Chemical Business;5/8/2006, Vol. 1 Issue 18, p35
Trade Publication
The article reports on the decision of shipping service supplier Yara to sell most of its assets to Bergesen Worldwide Gas (BW Gas). The deal comprises seven fully owned ammonia vessels and three ships. The transaction will produce a net income of more than $130 million for Yara. The supplier also plans to enter into a partnership agreement with BW Gas.


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