Fairview Capital cuts Hoegh LNG stake

Vessels

April 6, 2018

For illustration purposes only (image courtesy of Höegh LNG)

Darlington Partners, a fund managed by the US-based Fairview Capital Investment Management, has reduced its stake in Norwegian floating liquefied natural gas (LNG) giant Höegh LNG.

For illustration purposes only (image courtesy of Hoegh LNG)

The fund sold 2 million shares in Höegh LNG on April 5, according to a Höegh LNG statement.

After the transaction, Darlington Partners holds a total of 1.87 million shares in Höegh LNG, corresponding to 2.5% of the shares and votes, the company said.

Höegh LNG’s shares closed the trading day at 45.55 Norwegian Krone ($5.8) per share on the Oslo Stock exchange on Thursday.

Worth mentioning, Höegh LNG has this week taken the delivery of Höegh Esperanza, its eighth floating storage and regasification unit (FSRU).

The company has two more FSRUs under construction at the South Korean shipyards Hyundai Heavy Industries and Samsung Heavy Industries.

LNG World News Staff