Avance Gas Holding (AVACF) has released an update.
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Avance Gas Holding Ltd. has successfully sold and delivered its first Very Large Gas Carrier (VLGC) to BW LPG Ltd., as part of a significant $1,050 million fleet sale. This transaction makes Avance Gas the second largest shareholder in BW LPG with an expected 12.8% ownership once all shares are received. The sale is anticipated to positively impact earnings due to depreciation savings, and remaining vessel deliveries are scheduled by year-end.
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