GIC to acquire BlackRock’s Shareholding in GasLog
GasLog, a leading global provider of LNG shipping services, announced that GIC, a global institutional investor, and a fund managed by Global Infrastructure Partners, a part of BlackRock, have entered into an agreement whereby GIC will acquire BlackRock’s approximately 45% shareholding in GasLog. Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and the Onassis Foundation will maintain their respective shareholdings of approximately 55% in GasLog.
“GasLog has enjoyed an excellent partnership with BlackRock since 2021 and during this period has continued to build a world class fleet of modern LNG carriers serving some of the world’s leading energy players. We are delighted to welcome GIC as our new partner,” said Peter G. Livanos, Chairman of GasLog. “GIC’s long-term investment horizon and focus on safety and operational excellence align with GasLog’s corporate values. GIC has a track record of success in supporting energy infrastructure businesses, further enhancing GasLog’s core strengths and capital flexibility. Their global reach will also be a benefit to us as we pursue attractive growth opportunities in the future.”
The transaction is expected to close in the fourth quarter of 2024 subject to regulatory approvals and customary closing conditions.
