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Investegate |Golar LNG Announcements | Golar LNG: Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP

Golar LNG
Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP
Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP
Highlights
Golar LNG Limited (“Golar” or “GLNG”) received $50 million in cash and 18.6 million Class A common shares in New Fortress Energy Inc. (“NFE”) worth $878 million based on the April 14 closing price as consideration for the sale of its 50% interest in Hygo Energy Transition Limited (“Hygo”).
Golar received $81 million in cash for the sale of its 32% interest in Golar LNG Partners LP (“GMLP”). ....

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Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP

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Highlights
Golar LNG Limited ( Golar or GLNG ) received $50 million in cash and 18.6 million Class A common shares in New Fortress Energy Inc. ( NFE ) worth $878 million based on the April 14 closing price as consideration for the sale of its 50% interest in Hygo Energy Transition Limited ( Hygo ).
Golar received $81 million in cash for the sale of its 32% interest in Golar LNG Partners LP ( GMLP ).
Together, the transactions crystalize part of the value built in the Golar asset portfolio since 2015 and will generate a book gain to Golar of approximately $740 million based on Q4 2020 book values.
These sales complete a significant step in Golar s corporate simplification process. ....

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