Fluxys merges with its finance unit

Belgium-based LNG operator Fluxys has merged with its wholly owned subsidiary Fluxys Finance that was in charge of the centralised management of cash funds and financing within the group. 

These activities will now be carried out by Fluxys itself.

The transaction simplifies Fluxys’ organisational structure, thereby also making a number of operational, administrative and financial processes simpler, and is in line with Fluxys policy to boost efficiency throughout the group, the company said in a statement on Wednesday.

Under the merger, all of Fluxys Finance’s assets, liabilities, rights and obligations are transferred to Fluxys, allowing the latter to continue its former subsidiary’s activities.

Share this article

Follow LNG World News

Posted on June 29, 2017 with tags .

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >