en.Wedoany.com Reported - BW LPG has completed the sale of its 8.5% stake in Confidence Petroleum India (CPIL). The Singapore-based company has gradually exited several infrastructure cooperation projects in India since announcing the cessation of infrastructure investments on May 20, 2025.

This divestment, completed on Wednesday, June 3, 2026, marks the full termination of BW LPG's role as a shareholder in CPIL. BW LPG noted that the investment was classified as an equity investment on its books, and the related fair value changes had been recognized prior to the sale, so this transaction will not impact the company's profit and loss or total equity.

BW LPG CEO Kristian Sørensen stated that CPIL has played a significant role in advancing India's LPG infrastructure and distribution network—a market with strong and growing energy demand. As BW LPG transfers its non-controlling interest, the company remains confident in CPIL's future and wishes the management team continued success in executing its established strategy.

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