New Fortress Energy (NFE) said it has begun work to identify strategic partners for one or more of its primary businesses, including projects in Brazil, Puerto Rico, Jamaica, Mexico, Nicaragua, FLNG 1 and Klondike. The company “expects to explore with potential strategic partners financings, commercial ventures or asset sales that are intended to enhance the Company’s liquidity and financial flexibility.” It added, “The Company cannot provide assurance that its exploration will result in pursuing a transaction or that any transaction, if pursued, will be completed on attractive terms.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFE:
- New Fortress Energy put volume heavy and directionally bearish
- New Fortress downgraded to Equal Weight from Overweight at Morgan Stanley
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz
- New Fortress Energy sells 46.35M shares at $8.63 in public offering
- New Fortress Energy Discusses Financial Restructuring Plans