By Benjamin Horney (January 13, 2021, 6:23 PM EST) -- Gas-to-power company New Fortress Energy has agreed to buy two private equity-backed liquefied natural gas firms for a total of roughly $5 billion, the targets said Wednesday, in transactions guided by a total of seven law firms.
The agreements see New Fortress Inc. buying Hygo Energy Transition Ltd. and Golar LNG Partners LP. Hygo is a 50-50 joint venture between Golar LNG Ltd. and Stonepeak Infrastructure Fund II Cayman (G) Ltd. The deals serve to bolster New Fortress's LNG capabilities in South America, and more specifically Brazil, according to a statement.
"With a strong presence in Brazil and a world-class LNG...
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