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FTAI Infrastructure to sell Long Ridge Energy for $1.52B, using proceeds to reduce debt and fund growth.

Company Fundamentals
30 Apr 2026
GlobeNewsWire
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Bullish
pluang ai news

FTAI Infrastructure Inc. has agreed to sell Long Ridge Energy & Power LLC to MARA Holdings for about $1.52 billion. Long Ridge includes a 485-megawatt gas power plant and natural gas assets in Ohio. FTAI plans to use the net proceeds to repay corporate debt and invest in growth opportunities, including acquisitions. The deal is expected to close in Q3 2026 after regulatory approvals.

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