Sri Lanka’s LAUGFS Gas explores sale, investment options for Hambantota terminal
AI summary · 1 min read
1 min readFrom 1 outlets- EconomyNext reports that LAUGFS Terminals owns and operates a 30,000-tonne LPG terminal at Hambantota International Port.
- EconomyNext says discussions cover commercial collaborations, investment and a possible partial or full shareholding disposal.
- EconomyNext reports that no definitive transaction agreement has been signed.
EconomyNext reports that Sri Lankan LPG supplier LAUGFS Gas PLC is holding informal discussions with interested parties about its wholly owned subsidiary, LAUGFS Terminals Limited.
EconomyNext reports that LAUGFS Terminals owns and operates a 30,000-tonne LPG terminal at Hambantota International Port. The discussions concern possible commercial collaborations, investment, or disposal of part or all of LAUGFS Gas’s shareholding in the subsidiary.
EconomyNext says the company disclosed the discussions in a market filing and reported that the parties have not agreed on a transaction’s structure or terms, and no definitive agreement has been signed. It also reported that the potential financial impact cannot yet be determined because the talks are at a preliminary stage.
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