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United Kingdom

Hoegh LNG Partners Lp agrees to buy remaining 49 pct interest in the FSRU Hoegh Grace


Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Partners Lp -:HOEGH LNG PARTNERS LP AGREES TO ACQUIRE REMAINING 49% INTEREST IN THE FSRU HÖEGH GRACE.‍PURCHASE PRICE FOR ACQUISITION WILL BE $85.9 MILLION​.CO INTENDS TO SETTLE PURCHASE PRICE WITH COMBINATION OF CASH AND DRAWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY​.HOEGH LNG PARTNERS LP - ANTICIPATES RECOMMENDING TO BOARD DISTRIBUTION INCREASE WITH RESPECT TO QUARTER ENDING MARCH 31, 2018 TO REFLECT ACQUISITION​.‍BOARD OF DIRECTORS OF PARTNERSHIP AND CONFLICTS COMMITTEE HAVE APPROVED ACQUISITION AND PURCHASE PRICE​. 

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