Avance Gas Holding (AVACF) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Avance Gas Holding has completed the sale of its VLGC fleet to BW LPG for $1,050 million, making it the second largest shareholder with a 12.1% stake. The company plans to distribute BW LPG shares to its shareholders after a 40-day lock-up period, along with announcing fourth-quarter results in February 2025. The sale generated approximately $240 million in net cash proceeds, and Avance Gas is preparing for a capital reduction to distribute assets before winding up.
For further insights into AVACF stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue