Corporate NewsEnergy & Utilities

Laugfs Gas Explores Stake Sale in Hambantota LPG Terminal ⚓

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• LPG Infrastructure: Laugfs Gas PLC has entered preliminary, informal discussions regarding strategic options for its wholly owned subsidiary, Laugfs Terminals Ltd. • Asset Details: Laugfs Terminals owns and operates the 30,000 MT liquefied petroleum gas (LPG) terminal located at the Hambantota International Port, a critical asset for Sri Lanka's energy import and regional supply infrastructure. • Strategic Options: Discussions involve potential commercial collaboration, new investment, or a partial to full disposal of Laugfs Gas's shareholding in the terminal. • Current Status: Based on provisional disclosures, no definitive transaction agreement or structural terms have been reached. The financial impact remains undetermined at this stage, with further developments to be disclosed via Colombo Stock Exchange (CSE) rules.

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