Hygo Energy IPO on hold as CEO named in Brazilian corruption probe

Monday, 05 October 2020

Plans for debut trading in Hygo Energy at the US stock exchange NASDAQ have been shelved amid corruption allegations against the company’s CEO Eduardo Antonello. Hygo, a joint venture between Golar LNG and the U.S. private equity firm Stonepeak Infrastructure Partners, had plans to develop two LNG-to-Power projects in Brazil.


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