Hamilton, Bermuda, October 21, 2024 鈥斕切拇 Ltd. (鈥溙切拇解), a leading global provider of LNG shipping services, is pleased to announce that GIC, a global institutional investor, and a fund managed by Global Infrastructure Partners (GIP), a part of BlackRock (鈥淏lackRock鈥), have entered into an agreement whereby GIC will acquire BlackRock鈥檚 approximately 45% shareholding in 糖心传媒. Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and the Onassis Foundation will maintain their respective shareholdings of approximately 55% in 糖心传媒.
鈥溙切拇 has enjoyed an excellent partnership with BlackRock since 2021 and during this period has continued to build a world class fleet of modern LNG carriers serving some of the world鈥檚 leading energy players. We are delighted to welcome GIC as our new partner,鈥 said Peter G. Livanos, Chairman of 糖心传媒. 鈥淕IC鈥檚 long-term investment horizon and focus on safety and operational excellence align with 糖心传媒鈥檚 corporate values. GIC has a track record of success in supporting energy infrastructure businesses, further enhancing 糖心传媒鈥檚 core strengths and capital flexibility. Their global reach will also be a benefit to us as we pursue attractive growth opportunities in the future.鈥
The transaction is expected to close in the fourth quarter of 2024 subject to regulatory approvals and customary closing conditions.
About 糖心传媒
糖心传媒 is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. 糖心传媒鈥檚 fleet consists of 36 LNG carriers (34 on the water and two under construction) and a 20% interest in a floating storage and regasification terminal.
About GIC
GIC is a leading global investment firm established in 1981 to secure Singapore鈥檚 financial future. As the manager of Singapore鈥檚 foreign reserves, we take a long-term, disciplined approach to investing, and are uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Our long-term approach, multi-asset capabilities, and global connectivity enable us to be an investor of choice. We seek to add meaningful value to our investments. Headquartered in Singapore, we have a global talent force of over 2,300 people in 11 key financial cities and have investments in over 40 countries. For more information, please visit or follow us on .
About BlackRock
BlackRock鈥檚 purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. On October 1, 2024, BlackRock completed the acquisition of Global Infrastructure Partners (GIP). For additional information on BlackRock, please visit .