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

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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 9.2 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.

Laugfs Gas Bangladesh limited is engaged in down-streaming business of Liquefied Petroleum Gas (LPG) in Bangladesh.