GasLog -3.6% on purchase of LNG carriers, 4.25M-share offering

|About: GasLog (GLOG)|By:, SA News Editor

GasLog (GLOG) agrees to purchase an additional three liquified natural gas carriers from BG Group for ~$468M, which will be chartered back to BG for six-year initial terms on average, after completing an earlier purchase of three ships.

To pay for part of the purchase, GLOG plans a public offering of 4.25M common shares.

Shares -3.6% AH.