Freeport LNG stake sold to Global Infrastructure Partners

Global Infrastructure Partners’ second fund will acquire a 25 percent equity interest in Houston’s Freeport LNG Development LP for $850 million.GIP, which has offices in New York and Stamford, Connecticut, said July 14 that the fund, Global Infrastructure Partners II, will acquire the interest from a consortium of institutional investors managed by Hastings Funds Management USA Inc. and Zachry American Infrastructure LLC, who will have no further ownership in Freeport LNG once the deal closes.The deal is expected to close in the fourth quarter, following financial closing for Trains 1 and 2 of Freeport LNG’s facility under development.

via Freeport LNG stake sold to Global Infrastructure Partners – Houston Business Journal.

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