New York-listed Golar LNG has sold a major stake in liquefied natural gas player New Fortress Energy (NFE) for about $250 million, cashing in on the huge surge in NFE’s stock price during the Ukrainian crisis.
Golar on Wednesday sold about one-third of the 18.6 million shares its holds in NFE, whose shares also trade on the New York Stock Exchange and whose focus is on developing fast-track LNG solutions based on converted jack-ups and drillships.
NFE’s stock price soared by 90% from $25.43
