Navigator Gas shareholder BW Group launches 7 million-share secondary offering

Reuters03-20
Navigator Gas shareholder BW Group launches 7 million-share secondary offering
  • Navigator Gas said BW Group is offering 7 million shares in a secondary public offering.
  • The company said it is not selling any shares and will not receive proceeds from the sale.
  • Navigator Gas plans to repurchase 3.5 million shares from the underwriters at the public offering price using cash on hand.
  • Citigroup, DNB Carnegie, Fearnley Securities and Pareto Securities are acting as joint book-running managers.


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