Golar closes acquisition of New Fortress Energy stake in FLNG Hilli | GLNG Message Board Posts


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Msg  3556 of 3564  at  3/15/2023 10:13:46 AM  by

ex_hacker202


Golar closes acquisition of New Fortress Energy stake in FLNG Hilli

Wow - I had no idea they were paying this much to buy GMLP's 50% of T1/T2 - 4.1M shrs NFE were worth $148M on Jan 3 when the deal was done, plus $100M cash, plus $323M in debt - that's $571 for just PART of Hilli?!? Didn't the entire damn thing only cost $1.3B? Going to be 5 yrs before GLNG makes their money back on this deal, and just after they cleared the decks of debt they take on another $323M.

 

Further to the announcement on February 6, 2023, Golar LNG Limited (“Golar”) is pleased to confirm today that the agreement to acquire New Fortress Energy Inc.’s (“NFE”) interest in FLNG Hilli, effective January 1, 2023, has closed. 

 

In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash, and assumed approximately $323 million of FLNG Hilli debt.

 



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3557 Re: Golar closes acquisition of New Fortress Energy stake in FLNG Hilli ICE 0 3/16/2023 1:15:16 PM




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