Hoegh family invests another $3m in Hoegh LNG

Leif Hoegh & Co has deepened its interest slightly in Hoegh LNG Holdings with the purchase of more than half of a million shares.

The entity bought 500,000 shares of Hoegh LNG and all of Brompton Cross VII's 40,800 shares at NOK 44.6 ($5.73) per unit, totaling an investment of NOK 22.3m ($2.9m).

The company's largest shareholder is controlled by Leif Hoegh and family trusts under which Morten Hoegh and immediate family are primary beneficiaries.