Offshore

John Fredriksen buys majority stake in Solstad company

Solstad-owned shipping company Dess Aquaculture gets NOK 700 million in a share capital increase that is to finance a newbuild program. The emission means that two companies controlled by John Fredriksen will constitute the major part of the shipping company.
by CHRISTIAN CARLSEN

Dess Aquaculture, which is partly owned by financially struggling Solstad Offshore, gets NOK 700 million (USD 82 million) in a capital share increase which leaves the majority of the shipping company in the hands of John Fredriksen, reports Dagens Næringsliv.

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