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Aussie fund sells stake in Texas LNG terminal

Wednesday, July 16, 2014 - 06:00

[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

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