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Funds News

BRIEF-Lucid Energy Group Agrees To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs Merchant Banking Division For $1.6 Billion

Jan 8 (Reuters) - Lucid Energy:

* PRESS RELEASE - LUCID ENERGY GROUP AGREES TO SELL DELAWARE BASIN SUBSIDIARY TO RIVERSTONE HOLDINGS LLC AND GOLDMAN SACHS MERCHANT BANKING DIVISION FOR $1.6 BILLION

* LUCID ENERGY SAYS TRANSACTION INCLUDES COMMITTED DEBT FINANCING PROVIDED BY JEFFERIES LLC

* LUCID ENERGY SAYS LUCID II WILL RETAIN ITS NAME AND OPERATE AS A RIVERSTONE AND GOLDMAN SACHS MBD PORTFOLIO COMPANY Source text for Eikon: Further company coverage:

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