FLEX LNG said it has has decided to commence a process to explore strategic alternatives that are available to the company. The outcome of such a process may be, inter alia, FLEX LNG being part of a business combination; a full or partial sale of the company or its assets; or FLEX LNG entering into a strategic partnership with a third party, the company said in a statement .
FLEX LNG expects to reach a resolution to the strategic process within Q1 2014.
Arctic Securities ASA has been retained to assist the Board of Directors in evaluating strategic alternatives, the company added.
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LNG World News Staff, October 11, 2013; Image: FLEX LNG