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BW Group becomes largest shareholder in Navigator Holdings

Singapore-based shipping conglomerate has acquired a 39.1% stake in Navigator Holdings held by WL Ross & Co in a $197m deal, paying $9 a share

The operator of the world’s biggest VLGC fleet is now extending its reach to the smaller LPG carriers segment with the latest acquisition. However, it remains to be seen whether BW Group will move a step further to take over the New York-listed owner

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