Golar LNG Limited and Stonepeak Infrastructure Partners to Sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy
US:NASDAQ Investor Relations: golarlng.com/investors
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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GLNG
News
- Golar LNG Limited (<a href="https://www.marketbeat.com/stocks/NASDAQ/GLNG/price-target/">NASDAQ: GLNG</a>) had its price target raised by analysts at B. Riley from $13.00 to $20.50. They now have a "buy" rating on the stock.MarketBeat
- Termination of class actionGlobeNewswire
- Golar LNG Limited Successfully Closes Public Follow-On Offering of Common SharesGlobeNewswire
- Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common SharesGlobeNewswire
- Golar LNG Limited Announces Public Offering of its Common SharesGlobeNewswire
- More
GLNG
SEC Filings
- 1/13/21 - Form 6-K
- 12/23/20 - Form 6-K
- 12/9/20 - Form SC
- GLNG's page on the SEC website
- More