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New Fortress Energy Announces Sale of Jamaica Assets & Operations to Excelerate Energy

1. New Fortress Energy sold Jamaican assets for $1.055 billion. 2. Transaction closes in Q2 2025, impacting NFE's corporate strategy.

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FAQ

Why Bullish?

The asset sale indicates NFE's financial strength, potentially benefits EE through strategic collaboration.

How important is it?

The asset transfer may position EE competitively in the energy market, impacting perceptions.

Why Long Term?

The transaction will influence market dynamics and strategic positioning over years beyond completion.

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NFECVXRDS.A
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has finalized a transaction with Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE's strategy to optimize its asset portfolio and.

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