Fredriksen sells £366 million stake in MH
John Fredriksen has slashed his ownership of Marine Harvest from 26.07% to 17.67%, following the sale of 37.8 million shares in the group, in a deal worth £366 million.
The intended sale, made by Fredriksen’s Geveran Trading Co, was announced yesterday and completed today, at a price of NOK 117 per share – equating to NOK 4.4226 billion (£366 million).
Fredricksen, who owns the world's largest fleet off oil tankers, is said to have lost around 40% of his wealth in recent years and there has been speculation that he is using the money raised from the Marine Harvest share sale to prop up other parts of his ailing empire.
Following the deal, Geveran owns 79,551,603 shares in Marine Harvest, representing 17.67% of the share capital and voting rights in the company.
