yahoo! finance
Summary
Excelerate Energy Inc. EE has entered into an agreement to purchase New Fortress Energy Inc.’s NFE assets and operations in Jamaica. The deal will be financed entirely in cash for a total consideration of $1.055 billion and is anticipated to conclude by the June quarter of 2025.
The transaction involves NFE’s LNG import terminal in Montego Bayand its Old Harbour offshore floating storage and regasification terminal. Additionally, the Combined Heat and Power Plant in Clarendon, which has a total capacity of 150 megawatts (MW) and the entire related infrastructure, is also part of the deal.
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