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