Golar LNG Limited and Stonepeak Infrastructure Partners to Sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy
Golar LNG Limited - Common Shares (GLNG)
US:NASDAQ Investor Relations:
golarlng.com/investors
Company Research
Source: GlobeNewswire
January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (“Hygo”) to New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”). Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak. Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transaction values Hygo at an enterprise value of $3.1 billion and an equity value of $2.18 billion. Pursuant to the transaction, GLNG will receive 18.6 million shares of NFE Class A common stock and $50 million in cash, and Stonepeak will receive 12.7 million shares of NFE Class A common stock and $530
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News
- Golar LNG Limited (NASDAQ: GLNG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Golar LNG Limited - Announcement of filing of Form 20-F Annual ReportGlobeNewswire
- Golar LNG (GLNG) Shares Improve 3.6% Post Q4 Earnings Beat [Yahoo! Finance]Yahoo! Finance
- Golar LNG Limited (NASDAQ: GLNG) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Golar LNG Limited preliminary fourth quarter and financial year 2023 results [Yahoo! Finance]Yahoo! Finance
GLNG
Sec Filings
- 3/29/24 - Form 6-K
- 3/28/24 - Form 20-F
- 2/29/24 - Form 6-K
- GLNG's page on the SEC website