BW LPG exits investment in confidence petroleum India following sale of 8.50% equity stake
BW LPG announces that it has completed the sale of its 8.50% equity stake in Confidence Petroleum India Limited
Following the announcement made on 20 May 2025 on BW LPG’s cessation of investment in infrastructure, we have exited our various infrastructure partnership in India. Today, we sold our 8.5% equity position in CPIL, and the divestment marks the full exit of BW LPG as a shareholder in CPIL.
The investment in CPIL was classified as an equity investment. All fair value changes were recognised before the sale and as such, the transaction has no impact on the Company’s profit or loss or total equity.
Kristian Sørensen, CEO of BW LPG says: “CPIL has played a meaningful role in supporting the development of LPG infrastructure and distribution in India, a market with strong and growing energy demand. As BW LPG divests its non-controlling interest, we remain confident in CPIL’s future and wish the management team continued success in executing their strategy.”
Source:BusinessWire
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