Carl Icahn buys more of LNG player Cheniere

Billionaire investor and a major Cheniere Energy shareholder, Carl Icahn, has raised its stake in the Houston-based LNG player to 13.83 percent.

A filing with the Securities and Exchange Commission (SEC) from Monday reveals that Icahn bought 2,781,694 shares of Cheniere’s stock at an average price of $43.25 per share.

The total transaction was valued at about $120 million. Icahn now owns 32,649,671 shares in Cheniere.

The billionaire reported an 8.18 percent activist stake in Cheniere in August and has since then boosted its stake in the company for several times.

Cheniere also in September appointed two managing directors of Icahn Capital, a subsidiary of Icahn Enterprises, to its board of directors.

Cheniere, that is developing two LNG export projects in the United States, expects to ship the first cargo from its Sabine Pass liquefaction facility in January 2016.

 

LNG World News Staff

 

 

 

 

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >