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BW LPG ups stake in Aurora

BW LPG ups stake in Aurora
BW LPG, in issuing its first quarter results today, has revealed it has continued to buy into rival Aurora.

BW LPG, the world’s largest VLGC owner, now has 19.53% of Aurora’s stock, up by 4.53% at the start of the year.

The Sohmen-Pao family controlled BW LPG first started buying more shares in Aurora when another rival, Avance, initiated buyout plans for Aurora.

BW LPG ceo Martin Ackermann has in the past described to Splash the Aurora share purchases as a “cash generating investment”.

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