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Stolt-Nielsen to acquire LPG Carrier Althea Gas from IINO KAIUN KAISHA

Posted on: Thu, 19 Nov 2009 14:12:00 EST

Symbols: SOIEY, IIKKF

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Nov 19, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
SOIEY | Quote | Chart | News | PowerRating -- Stolt-Nielsen S.A., through its wholly-owned subsidiary Stolt-Nielsen Gas, Ltd., has agreed to acquire 82,557 cbm LPG carrier Althea Gas from IINO KAIUN KAISHA, LTD., a Japan-based company engaged in shipping business. Delivery to Stolt-Nielsen Gas Ltd. is scheduled to take place in early 2010.

Stolt-Nielsen is a UK-based provider of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids.

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Announced: 2009-11-19

Deal Participants

Target (Company)   IINO KAIUN KAISHA, LTD. - LPG Carrier Althea Gas - Japan
Acquirer (Company) Stolt-Nielsen S.A.
Vendor (Company)   IINO KAIUN KAISHA, LTD.

For full details on (SOIEY) SOIEY. (SOIEY) has Short Term PowerRatings at TradingMarkets. Details on (SOIEY) Short Term PowerRatings is available at This Link.

For full details on (IIKKF) IIKKF. (IIKKF) has Short Term PowerRatings at TradingMarkets. Details on (IIKKF) Short Term PowerRatings is available at This Link.

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