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home / news releases / GLNG - Hygo postpones IPO may scrap listing after CEO named in probe - Reuters

GLNG - Hygo postpones IPO may scrap listing after CEO named in probe - Reuters

Golar LNG Limited
Hygo Energy Transition (HYGO) has postponed its planned New York IPO for several weeks and may scrap the listing entirely after its CEO was named in the early stages of a corruption investigation in Brazil, Reuters reports.Eduardo Antonello, who has not been formally accused by Brazilian authorities, stepped down from his CEO role to defend himself in the probe.Hygo has hired international law firm Simpson Thacher & Bartlett to evaluate the viability of continuing the IPO, according to the report.Hypo, a joint venture between Golar LNG (GLNG) and Stonepeak Infrastructure Partners, had been scheduled to float its shares in New York on Sept. 24, but the NYSE suspended the trading debut the same day.

For further details see:

Hygo postpones IPO, may scrap listing after CEO named in probe - Reuters
Stock Information
Company Name: Golar LNG Limited
Stock Symbol: GLNG
Market: NASDAQ
Website: golarlng.com
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