EXMAR and VOPAK decide not to pursue the FSRU transaction
posted by AJOT | Apr 27 2017 at 09:28 AM | Maritime
On 21 December 2016, EXMAR and VOPAK announced they reached a conditional agreement on the acquisition by VOPAK of EXMAR’s participation in FSRU assets. As previously stated, the finalization of the deal was subject to consent and cooperation of multiple stakeholders.
After careful consideration, EXMAR and VOPAK have concluded that these requirements will not be met on the envisaged transaction. Therefore the closing of the FRSU transaction between EXMAR and VOPAK will no longer be pursued.