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Slogal Energy buys stake in Laugfs Gas Bangladesh for USD9.2mn

laugfs

May 04, 2016 (LBO) – A fully owned subsidiary of Laugfs Gas Plc, Slogal Energy DMCC, incorporated in Dubai has acquired 31 percent of the total issued shares in Laugfs Gas Bangladesh for 9.
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2 million US dollars. Laugfs Gas Plc said in a stock exchange filing that they own the balance 69 percent shareholding of Laugfs Gas Bangladesh limited.
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Laugfs Gas Bangladesh limited is engaged in down-streaming business of Liquefied Petroleum Gas (LPG) in Bangladesh.

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