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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:35 EDTBRGYY, GLOGGasLog completes acquisition of three LNG carriers from BG Group
GasLog (GLOG) has successfully completed the acquisition of three LNG carriers from an affiliate of BG Group plc (BRGYY), which was previously announced on April 10. This completes the second acquisition of ships from BG by GasLog in 2014. The acquisition of the first three vessels was announced in January and completed in April. The three ships subject to today’s announcement will be chartered back to BG for six-year initial terms on average. The time charters for the three vessels are staggered with one for 5.5 years, one for 6 years and one for 6.5 years, so that the three vessels will not redeliver at the same time. BG has options to extend the term of the time charters for two of the ships for a period of either three or five years at its election.
News For GLOG;BRGYY From The Last 14 Days
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May 17, 2015
18:46 EDTBRGYYShell-BG deal could spur Kazakhstan to buy out Karachaganak assets, WSJ says
BG Group's (BRGYY) most recent annual report cautions that if the company is acquired by Shell (RDS.A, RDS.B), the Kazakhstan government may exercise its pre-emption rights and buy out BG's stake in the Karachaganak gas field, reports The Wall Street Journal. When asked about the issue, a Shell spokesperson remarked that the merger deal with BG is "pro-competitive," adding that CEO Ben van Beurden travelled to Kazakhstan last month. Reference Link
May 13, 2015
07:40 EDTBRGYYRoyal Dutch Shell and BG Group announce JDA agreement
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