TheLos Angeles-based company has acquired 6.8m shares in the gas focused shipownerwhich is equivalent to a 5.05% stake.

Thetransaction by one of the world’s largest investment managers was reported in a regulatory disclosure to the Oslo Bors.

Basedon BW LPG’s current stock price of NOK 50 per share, the holding is wortharound NOK 340m ($55.5m).

Theshare ownership is split across five Capital Group companies: Capital GuardianTrust Co with 2.6m