Liquefied Natural Gas Limited issued a notice showing that The Baupost Group increased its shareholding in the company to 11.41%.
Baupost, that had previously owned 10.08%, purchased 6,251,580 shares from October 14, 2014 to January 8, 2015.
Share prices ranged from $1.96 to $3.00.
LNG Limited has been making progress recently on its Magnolia LNG project and as the company’s Managing Director and CEO, Maurice Brand, said, the project is close to finalizing all the FERC filing processes and issuing a notice of schedule in early 2015.
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LNG World News Staff; Image: LNG Limited