Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process.
BW Group currently owns 191,903,110 shares in BW Energy, corresponding to 74.38% of the issued and outstanding shares and voting rights in BW Energy.
As part of a corporate restructuring, BW Group is planning to separate BW Energy, as an oil and gas exploration business, from the maritime businesses held by the group.
This will not involve any change to the ultimate control of the business, as the BW Energy shares currently held by BW Group, which is controlled by Andreas Sohmen-Pao through a trust, will be sold to BW Energy Holdings, a company owned an…
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