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New Fortress Energy to buy Hygo Energy Transition for $2.18 bln

Jan 13 (Reuters) - New Fortress Energy Inc said on Wednesday it would buy Hygo Energy Transition Ltd, a 50-50 joint venture between Golar LNG Ltd and Stonepeak Infrastructure Fund II Cayman, for $2.18 billion to expand its presence in South America.

The company will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash.

Reporting by Rithika Krishna; Editing by Maju Samuel

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