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New Fortress Energy Seeks Strategic Partners to Boost Liquidity; Shares Jump
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New Fortress Energy Seeks Strategic Partners to Boost Liquidity; Shares Jump
Nov 5, 2024 10:10 AM

12:36 PM EST, 11/05/2024 (MT Newswires) -- New Fortress Energy ( NFE ) is looking for strategic partners for one or more of its primary businesses as it seeks to enhance its liquidity and financial flexibility, the company said in a regulatory filing Tuesday.

The company said it is seeking partners for its projects in Brazil, Puerto Rico, Jamaica, Mexico, and Nicaragua, as well as its FLNG 1 facility and Klondike business.

New Fortress said it expects to explore financings, commercial ventures or asset sales with potential strategic partners.

Shares of the company were up more than 4% in recent trading.

Price: 8.64, Change: +0.34, Percent Change: +4.12

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