FLEX LNG May Put Itself Up for Sale, UK

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.

[mappress]

LNG World News Staff, October 11, 2013; Image: FLEX LNG