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Key Financial Partner Calais LNG Selling Its Stake in Project

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 b
July 21, 2010

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.

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