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New Fortress Energy Announces Separation of Brazilian Operations as Part of Broader NFE Inc. Recapitalization Transaction
NEW YORK & RIO DE JANEIRO--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) ("NFE") today announced it will separate its Brazilian operations into an
About this update from New Fortress Energy Inc.
[{"type":"text","content":" NEW YORK & RIO DE JANEIRO--(BUSINESS WIRE)--\nNew Fortress Energy Inc. (NASDAQ: NFE) (\"NFE\") today announced it will separate its Brazilian operations into an independent, standalone energy platform (“BrazilCo” or “the Company”) as part of NFE’s broader recapitalization transaction (the “Transaction”) to be implemented via consensual UK Restructuring Plan (“UK RP”). This separation is expected to position BrazilCo for continued growth while strengthening Brazil’s energy infrastructure and security.\n\n\nFollowing the closing of transaction, the newly independent Brazilian entity, headquartered in Rio de Janeiro, will be owned by a consortium of leading global institutional investors with deep expertise in infrastructure development and long-term value creation, extensive experience investing across Brazilian asset classes and over $20 trillion in assets under management.\n\n\nThe new ownership group is committed to supporting the Company with a strong, well-capitalized balance sheet designed to enable disciplined growth, operational resilience, and long-term value creation. The Company will continue to be led by Brazil-based executives Leandro Cunha and Jeremy Dawson, each of whom brings decades of experience as energy operators. Their continued leadership will help to ensure smooth execution and completion of existing projects in Barcarena, while positioning the business for expansion across southern Brazil utilizing the Company’s TGS Terminal in Santa Catarina. With the support of the Company’s new shareholders, Leandro and Jeremy will work to maintain strong existing relationships with local stakeholders, customers, investors, contractors, and regulatory counterparties.\n\n\nDriving Brazil's Energy Future\n\n\nAs an independent platform, the Company will be well positioned to address Brazil's growing energy demand and the country's increasing focus on reliable, secure and flexible energy solutions.\n\n\nThe Company’s key strategic priorities and assets include:\n\n\n\nStandalone Gas and Vessel Supply: Securing standalone gas supply and vessel support remains a top priority for BrazilCo with a process underway to fulfil these needs in the coming months. BrazilCo will maintain existing gas supply from NFE through the pendency of the UK RP.\n\n\n\nBarcarena Cluster: Advancing and completing the development of the 624 MW CELBA...