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BW LPG Finalizes India Infrastructure Exit With 8.5% Confidence Petroleum Stake Sale

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Maritime gas carrier owner and operator BW LPG Limited has finalized the sale of its entire 8.50% equity stake in Confidence Petroleum India Limited, the company said on Wednesday.

The completed divestment will register zero material impact on the company's net profit or loss statements, nor will it alter its overall baseline total equity, it said.

The divestment represents the final chapter of BW LPG's targeted restructuring of its South Asian asset portfolio.

Following a corporate mandate issued on May 20, 2025, which directed the absolute cessation of the group's capital allocations toward fixed infrastructure assets, the shipping giant has systematically purged its downstream infrastructure partnerships across the Indian subcontinent, it stated.

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Commodities

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Commodities

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