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Sovereign Wealth Funds Briefing - Categorized | Financials

Temasek Holdings captures gain on Cheniere Energy sale

Posted on 26 August 2013

In a sale reportedly worth US$ 257 million, Temasek Holdings Pte has unloaded all of its roughly 9.2 million shares of Cheniere Energy Inc (LNG). An article posted by the Sovereign Wealth Fund Institute earlier notes that Temasek acquired the shares in May of 2012 through a partnership with RRJ Capital.
That purchase was worth US$ 468 million and gave the investors a 19.9% stake in the energy exporter. Public shares in Cheniere Energy rose dramatically after RRJ Capital and Temasek bought their stake. Officials at Temasek realized the potential of the Louisiana-based Sabine Pass facility, exporting liquefied natural gas to Asia……………………………………….Full Article: Source


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