Singapore’s Temasek exits Cheniere Energy
Temasek Holdings has halved its stake in Cheniere Energy, taking advantage of a spike in the US liquefied natural gas (LNG) company’s shares. The Singapore fund sold 9.2 million shares in the second quarter of 2013 at a valuation of $257 million.
Between May 2012, when Temasek and RRJ Capital announced they would jointly invest $468 million for a 19% stake in Cheniere, and the end of the June, the company's stock gained nearly 70%. It remains up...
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