Key Financial Partner Calais LNG Selling Its Stake in Project

Posted on Jul 22, 2010 in Financing, Regas Terminals & Capacity | Comments Off

GS Power Holding LLC, a subsidiary of the investment bank Goldman Sachs, is selling its stake in the Calais LNG regasification project. According to a letter submitted to the Maine Board of Environmental Protection (BEP), Calais LNG expects the sale to be complete by August 11, 2010, and has asked the BEP to delay a meeting scheduled for tomorrow. Calais LNG also noted that “[i]n the event that the transaction … does not close by August 11,2010, Calais LNG would expect to withdraw all Calais LNG applications filed with the Maine Board of Environmental Protection.” Find additional details in the Bangor Daily News.

Comments are closed.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed, affiliated and member firms (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.
ATTORNEY ADVERTISING - Prior results do not guarantee a similar outcome.
Unless otherwise indicated, attorneys at Eversheds Sutherland (US) LLP are not certified by the Texas Board of Legal Specialization.

Key Financial Partner Calais LNG Selling Its Stake in Project

Popular Posts

Hot Topics