It comes to the displeasure of Faroe Petroleum's board of directors that competing oil outfit DNO has now acquired a substantial stake in the independent oil company.
According to a stock exchange notice Friday morning, DNO purchased 2,754,110 shares in Faroe Petroleum on Jan. 3 at a price per share between GBP 1.47 and GBP 1.52. DNO thus now directly holds 30.6 percent of Faroe's equity.
More from ShippingWatch
V. Group CEO René Kofod Olsen believes that technology serves as a complement rather than a replacement when dealing with clients, as there is a value in meeting people where they live and work. He also lists three key leadership traits. ShippingWatch explores post-corona leadership with select executives.