GasLog rakes in $35 million in share sale

By Adnan Bajic GasLog has sold 14,400,000 common shares for total gross proceeds of $36.0 million through a private placement shares.

Courtesy of GasLog

The net proceeds of share sale are expected to be used for general corporate purposes.

Approximately 75 per cent of shares issued in the private placement were purchased by GasLog’s directors and affiliates, including 6,500,000 shares purchased by Blenheim Holdings, the Livanos family-owned company and 4,000,000 common shares purchased by a wholly-owned affiliate of the Onassis Foundation.

In addition, members of the Tung family purchased common shares in the private placement.

The company said in its statement that its first-quarter results

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