New York-based investment firm Stonepeak has signed an agreement to acquire Teekay’s liquefied natural gas (LNG) shipping unit, Teekay LNG Partners, for $6.2bn.
Under the merger deal, Stonepeak-managed investment vehicles will buy all the issued and outstanding common units that represent limited partner units in Teekay LNG.
This acquisition includes around 36 million common units owned by Teekay.
The deal also covers the complete ownership of Teekay in Teekay LNG’s general partner, Teekay GP,...
https://www.ship-technology.com/news/stonepeak-teekay-lng-partners/