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Stolt-Nielsen Gas Joins Forces with Sungas

Last week, Stolt-Nielsen Gas Ltd. (“SNGL”) reached an agreement with Sungas Holdings Ltd. whereby the latter will become a 50% shareholder in Avance Gas Holdings, with SNGL retaining the other 50%. Under the terms of the agreement, Avance Gas will acquire three VLGCs from Sungas, for which it will receive the 50% stake as well as an undisclosed amount of cash.

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