Mitsui & Co. buys 49% stake in LNG FSRU BW Integrity from BW Group

BW Group and Mitsui & Co. formed a joint venture to jointly own the Floating Storage and Regasification Unit BW Integrity, with Mitsui purchasing a 49% stake. BW continues to own 51% and provide management services. The vessel is on a 15-year charter in Pakistan.

“BW and Mitsui have a long history of close cooperation in many business areas and having Mitsui as a JV partner is a special relationship on which we hope to build for many years to come.”bw-group.com

• 1 source
• bw-group.comFormation of joint venture and purchase of 49% stake in LNG FSRU BW Integrity by Mitsui & Co. - BW GroupNov 14, 2017

Summarized from public sources; check the original articles before acting on it.