Golar Acquires All Outstanding Minority Interests in the FLNG Hilli
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Golar LNG Limited has acquired all outstanding minority interests in the FLNG Hilli from Seatrium and Black & Veatch, increasing its ownership by approximately 8% of the full FLNG capacity. The transaction is valued at $90.2 million, with the full economic interest effective from January 1, 2025.
December 24, 2024 | 10:30 am
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Golar LNG Limited has acquired all minority interests in the FLNG Hilli, increasing its stake by approximately 8%. This strategic acquisition, valued at $90.2 million, will enhance Golar's control over the asset, with full economic benefits starting January 1, 2025.
The acquisition of minority interests in FLNG Hilli increases Golar's control and potential revenue from the asset. The deal is strategically significant, enhancing Golar's asset base and future earnings potential, which is likely to positively impact the stock price in the short term.
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