Kluge has advised on a new technology transaction
Stena Rederier AB announced on 18 December 2019 that it has entered into and closed an agreement to acquire 75 % of the shares in 7 Seas LNG & Power AS. The company has developed its own technology and will offer to the market a unique and proprietary Jetty-Less LNG to power solutions, built on flexible commercial structures.
A team from Kluge led by partner Snorre Haukali and attorney Espen Debes have assisted the founder of 7 Seas LNG & Power AS in the process.
For Kluge, this was yet another example of exciting technology developed in Norway being attractive for major global players.
Read more and further details:
- Press Release: Stena invests in 7 Seas (PDF)
- lngworldnews.com: Stena buys stake in 7 Seas LNG & Power
- lngindustry.com: Stena acquires 75% stake in 7 Seas LNG & Power AS
