Abu Dhabi’s sovereign wealth fund has acquired a stake in Cheniere Energy, worth $615 million, Bloomberg reports.
The news service says the Abu Dhabi Investment Authority disclosed its 5.1% stake in a filing last week, making the sovereign wealth fund Cheniere’s fourth-largest shareholder, according to data compiled by Bloomberg.
Based in Houston, Cheniere Energy is the largest U.S. exporter of liquefied natural gas, operating two export facilities: Sabine Pass in Louisiana and Corpus Christi in Texas.
ADIA has almost $580 billion in assets and is the world’s third-biggest government wealth fund, according to the SWF Institute.
