The BW Group has swooped on the 39.1% stake in Navigator Holdings held by WL Ross & Co in a $197m deal, paying $9 per share and a 9.4% premium to the recent share price.
Andreas Sohmen-Pao-led BW Group, whose businesses include BW LPG, has therefore secured another big acquisition in the gas business after seeing mixed results in the sector in 2019.
