- Laugfs Gas PLC said yesterday it is in preliminary, informal discussions with interested parties on strategic options for its wholly owned subsidiary, Laugfs Terminals Ltd.
- The options include a potential disposal of part or all of its shareholding.
- Laugfs Terminals owns and operates the 30,000 MT liquefied petroleum gas (LPG) terminal at the Hambantota International Port.
- Options under consideration:
- Commercial collaboration
- Investment
- Partial or full sale of the company’s stake in the subsidiary
- No agreement has been reached on the structure or terms of any transaction.
- No definitive transaction agreement has been entered into.
- The company cautioned there is no certainty the discussions will result in a transaction.
- Any financial impact cannot be determined at this stage.
- Laugfs Gas said it will promptly disclose material developments in line with the Colombo Stock Exchange Listing Rules.
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