The Singapore shipping company told the Oslo Stock Exchange today that it has purchased nearly 2.4 million shares in the LPG carrier owner.

BW Group paid NOK 49.28 per share in the transaction, which took place Friday.

The deal gives the parent a 47.6% stake in BW LPG.

BW LPG owns 31 very large gas carriers, five large LPG carriers and seven newbuildings.

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