UK investment management company Mirabella Financial Services has built its ownership in Awilco LNG to become the second-biggest shareholder.

In a filing made by the fund’s executive director, Raj Somal, it said it now controls 27m shares for a 20.37% stake.

The holding is worth $20.5m based on a trading price of NOK 7.98 ($0.76) per share in Oslo on Friday morning.