Avance Gas Holding (AVACF) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Avance Gas Holding Ltd. has announced the delivery of its third VLGC vessel, Sirocco, to BW LPG, receiving 1.35 million shares as part of the transaction, and net cash proceeds of $20 million. With this delivery, Avance Gas now holds a 3.3% ownership in BW LPG, with nine more vessels slated for delivery by the end of the year. This strategic move is part of Avance Gas’s broader fleet sale plan, enhancing its financial position and shareholder value.
For further insights into AVACF stock, check out TipRanks’ Stock Analysis page.
