Nfe and apollo funds agree to form a new joint venture for lng maritime infrastructure; transaction valued at approximately $2 billion

New york--(business wire)--new fortress energy inc. (nasdaq: nfe) (“nfe”) and apollo (nyse: apo) today announced that they have entered into a definitive equity purchase and contribution agreement (the “purchase and contribution agreement”) to sell 11 lng infrastructure vessels owned by nfe to a newly formed joint venture (the “jv” or the “platform”) between funds managed by apollo and nfe in a transaction valued at approximately $2 billion. the jv will be owned approximately 80% by apollo fund
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