Höegh LNG : Leif Höegh & Co. and funds managed by Morgan Stanley Infrastructure Partners completes acquisition of Höegh LNG

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY RESTRICTED JURISDICTION

Hamilton, Bermuda, 4 May 2021Larus Holding Limited (“JVCo”), a 50/50 three way partnership between Leif Höegh & Co. Ltd. (“LHC”) and Funds managed by Morgan Stanley Infrastructure Partners (“MSIP”), at present introduced the completion of the acquisition by manner of amalgamation (the “Amalgamation”) of all of the issued and excellent shares of Höegh LNG Holdings Ltd. (“Höegh LNG” or the “Company”) not owned by LHC or its associates, as referred to in earlier bulletins by the Company on 8 March 2021 and 19 April 2021.

The Amalgamation has been duly registered within the Bermuda Registrar of Companies, having been effected by manner of an amalgamation between Larus Limited, a completely owned subsidiary of JVCo, and the Company.  Shareholders of the Company (aside from holders of Excluded Shares, as outlined within the amalgamation settlement) as on the expiry of 4 May 2021 (the closing date), as they seem within the Company’s shareholders register with the VPS as on the expiry of 6 May 2021 (the document date), will obtain the amalgamation consideration amounting to NOK 23.50 for every Company share that they held.

With the completion of the Amalgamation, JVCo intends to undertake a complete evaluate of the Company’s operational and monetary technique and that of its associates to strengthen the monetary profile of the group and will fastidiously evaluate its built-in marketing strategy together with future monetary wants. 

As beforehand famous, the widespread and most popular models of Höegh LNG Partners LP (the “Partnership”) will stay excellent and proceed to commerce on the New York Stock Exchange

JVCo, along with models owned straight by LHC, now owns and controls a 47.1 p.c fairness curiosity within the Partnership in addition to 100% of the motivation distribution rights and the non-economic basic accomplice curiosity within the Partnership. 

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402

Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443

Knut Johan Arnholdt, VP IR and Strategy, Telephone +47 922 59 131

The info on this announcement is topic to disclosure necessities below the EU Market Abuse Regulation. The info was submitted for publication from Höegh LNG investor relations and the contact individuals set out above.

About Höegh LNG Holdings Ltd.

The Company operates world-wide with a number one place as proprietor and operator of floating LNG import terminals; floating storage and regasification models (FSRUs), and is one of essentially the most skilled operators of LNG Carriers (LNGCs). Höegh LNG’s Vision is “Enabling the transition to Clean Energy”. The Company is publicly listed on the Oslo inventory change below the ticker: “HLNG”, and owns roughly 46% of Höegh LNG Partners LP (NYSE:”HMLP”). The Company is a Bermuda based mostly firm with established presence in Norway, Singapore, the UK, USA, China, Indonesia, Lithuania, Egypt, Colombia, India and the Philippines. The group employs roughly 190 workplace employees and 670 seafarers. Please see: www.hoeghlng.com

About Leif Höegh & Co. Ltd.

LHC is an industrial holding firm owned by the Høegh household. LHC and its predecessors have been pioneers within the worldwide delivery trade since 1927, taking supply of their first LNG provider in 1973 and their first FSRU in 2009. Now within the third era of household management, LHC continues to concentrate on long-term worth creation and innovation within the delivery sector.

About Morgan Stanley Infrastructure Partners

Founded in 2006, MSIP is a world chief in non-public infrastructure fairness investing, focusing on belongings that present important public items and providers primarily situated in OECD nations, with the potential for worth creation via energetic administration. With a various workforce throughout North America, Europe, and Asia-Pacific, MSIP leverages a complete community of relationships to supply investments in sectors akin to energy era and utilities, digital, transportation, and pure fuel infrastructure.

Forward Looking Statements

This announcement will not be meant to, and doesn’t represent, or kind half of, a suggestion to promote, buy, change or subscribe for or a solicitation of a suggestion to promote, buy or change any securities or a solicitation of any vote or approval in any jurisdiction pursuant to the Amalgamation, the Amalgamation Agreement or in any other case. This announcement doesn’t represent a prospectus or a prospectus equal doc. Copies of this announcement and any formal documentation referring to the proposed should not being, and should not be, straight or not directly, mailed or in any other case forwarded, distributed or despatched in or into or from any jurisdiction the place native legal guidelines or rules could end in a big danger of civil, regulatory or prison publicity if info regarding the Amalgamation or the Amalgamation Agreement is distributed or made accessible to the Company’s shareholders in that jurisdiction (a “Restricted Jurisdiction”) and individuals receiving such paperwork (together with custodians, nominees and trustees) should not mail or in any other case ahead, distribute or ship it in or into or from any Restricted Jurisdiction.

 This announcement could comprise ahead trying statements with respect to the monetary situation, outcomes and enterprise of the Company and sure plans and targets of JVCo with respect thereto. These forward-looking statements may be recognized by the truth that they don’t relate solely to historic or present information.  Generally, these forward-looking statements usually use the phrases akin to “will”, “could”, “ought to”, “proceed”, “believes”, “expects”, “intends”, “anticipates” or comparable expressions.  These statements are based mostly on the assumptions and assessments made by the Company or JVCo in mild of their expertise and their notion of historic traits, present situations, future developments and different components they consider acceptable.  By their nature, ahead trying statements contain dangers, uncertainties and modifications in circumstances. Undue reliance shouldn’t be positioned on any such statements as a result of, by their very nature, they’re topic to identified and unknown dangers and uncertainties and may be affected by different components that would trigger precise outcomes, and administration’s plans and targets, to vary materially from these expressed or implied within the ahead trying statements. There are a number of components which might trigger precise outcomes to vary materially from these expressed or implied in ahead trying statements. Among the components that would trigger precise outcomes to vary materially from these described within the ahead trying statements embody that future revenues could also be decrease than anticipated, prices of future acquisitions and enterprise actions could also be increased than anticipated, modifications within the international, political, financial, enterprise, aggressive, market and regulatory forces, future change and rates of interest, modifications in tax charges and future enterprise mixtures or inclinations. Neither the Company nor JVCo undertakes any obligation (besides as could also be required by any relevant legal guidelines and rules) to revise or replace any ahead trying assertion contained on this announcement, regardless of whether or not that assertion is affected because of this of new info, future occasions or in any other case.

https://news.cision.com/hoegh-lng/r/leif-hoegh—co–and-funds-managed-by-morgan-stanley-infrastructure-partners-completes-acquisition-o,c3340163

(c) 2021 Cision. All rights reserved., supply Press Releases – English

Related Posts