Avance Gas Holding (AVACF) has released an update.
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Avance Gas Holding has delivered its fifth VLGC, Avance Levant, to BW LPG as part of a $1,050 million fleet sale. This transaction resulted in the issuance of 1.35 million BW LPG shares to Avance Gas, boosting its stake to 5.1%. The company anticipates receiving $21 million in net cash proceeds from the delivery.
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