Offshore

Fredriksen invests millions in Northern Drilling

Shipping magnate John Fredriksen has subscribed to about a third of shares in a private placement that rig company Northern Drilling has just issued. The private placement infuses the company with over NOK 900 million.
Photo: Ints Kalnins/Reuters/Ritzau Scanpix
Photo: Ints Kalnins/Reuters/Ritzau Scanpix
by CHRISTIAN CARLSEN

Rig company Northern Drilling raises NOK 918 million (USD 99.7 million) from a number of investors.

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