First Reserve sells its remaining stake in Chart Industries Inc.

June 8, 2007 /PE Week Wire/ — First Reserve has sold its remaining 48.3% stake in gas production and storage company Chart Industries Inc. (Nasdaq: GTLS), via a secondary public offering. First Reserve sold around 12.37 million at $21.25 per share, for approximately $263 million. First Reserve originally acquired a majority stake in Chart Industries in late 2005, for just over $111 million.