Norway's Skagen reported that it had bought up a stake of just over 5% in Golar LNG.

Skagen, which reported having EUR 8.5bn ($10bn) under management this year, snapped up a total of 5.1 million shares in the New York-listed Golar LNG.

The fund manager made the purchases between the end of June and 19 September, when shares in the company were trading between $21 and $22 per share.