BRIEF-Keppel Corporation Announces Subscription For 30 Pct Interest In Gimi MS Corp
Feb 26 (Reuters) - Keppel Corporation Ltd:
* ANNOUNCES SUBSCRIPTION FOR 30% INTEREST IN GIMI MS CORPORATION
* GIMI MS TO ACQUIRE AND OWN MOSS LNG CARRIER GIMI WHICH WILL BE CONVERTED INTO AN FLNG VESSEL BY KEPPEL SHIPYARD LTD
* FIRST FLNG HOLDINGS TO INVEST UP TO ESTIMATED MAXIMUM TOTAL OF $250 MILLION IN CONNECTION WITH PROJECT INCLUSIVE OF SUBSCRIPTION PRICE
* UNIT THROUGH KEPPEL CAPITAL HOLDINGS ENTERED INTO SHARE SUBSCRIPTION AGREEMENT WITH GIMI MS CORP AND GOLAR LNG LTD
* UNDER SAME AGREEMENT, GOLAR WILL CONCURRENTLY SUBSCRIBE FOR 70% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF GIMI MS
* CONCURRENT TO ENTRY OF SSA, GIMI MS EXECUTED A 20-YEAR FLNG LEASE & OPERATE AGREEMENT WITH A UNIT OF BP P.L.C. IN RELATION TO PROJECT
* GIMI MS TO UNDERTAKE DEVELOPMENT, CONSTRUCTION & OPERATION OF A FLNG FACILITY TO BE LOCATED ON MAURITANIA & SENEGAL Source text for Eikon: Further company coverage: