Exmar has announced that, due to unfavourable capital market conditions, it will delay the launch of an initial public offering (IPO) of common units in the US of Exmar Energy Partners.
The statement added that the company would continue to evaluate the most appropriate timing for the IPO as market conditions develop.
Upon completion of the offering, Exmar Energy Partners is expected to own a 50% equity interest in joint ventures that own and operate four LNG regasification vessels and one LNG carrier.
Edited from various sources by Katie Woodward