Australia's Hastings to sell Texas LNG stake for 5.5 times investment
July 14, 2014 at 21:26 PM EDT
SYDNEY, July 15 (Reuters) - Australia's Hastings Funds Management said it will sell its quarter stake in a Texas liquefied natural gas (LNG) terminal to U.S. specialist fund Global Infrastructure Partners for $1.1 billion, five and a half times what it paid four years ago.
