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Aussie fund sells stake in Texas LNG terminal
Published Tue, Jul 15, 2014 · 10:00 PM
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[SYDNEY] Australia's Hastings Funds Management said that it will sell its quarter stake in a Texas liquefied natural gas (LNG) terminal to US specialist fund Global Infrastructure Partners for US$1.1 billion, five-and-a-half times what it paid four years ago. The deal continues a bumper year for Australian merg…
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