This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Golar LNG: Sale Of Golar Igloo To Golar LNG Partners LP

Hamilton, Bermuda, Dec. 5, 2013 (GLOBE NEWSWIRE) -- Golar LNG Limited (the "Company") announced today that it has entered into an agreement to sell its ownership interest in the company that will own and operate the floating storage and regasification unit ("FSRU") Golar Igloo ("Igloo") to Golar LNG Partners L.P. ("Golar Partners") for a price of USD310 million. The transaction is subject to the satisfaction of certain closing conditions.

Net proceeds received from the sale will be applied against the remaining interim instalments of the Company's newbuild program and create liquidity which can be used as part equity in a potential ordering of a FLNG vessel.

This transaction is further testament to a corporate structure that has now fully funded the equity component of the Company's current newbuilding program whilst simultaneously providing for the growth of Golar Partners.

Hamilton, Bermuda
December 5, 2013
Enquiries: Golar Management Limited: + 44 207 063 7900
Brian Tienzo
Stuart Buchanan

HUG#1748213

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,139.63 +59.49 0.33%
S&P 500 2,124.59 +6.90 0.33%
NASDAQ 5,115.3320 +23.2470 0.46%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs