Norwegian investor takes big loss from Transocean in 2020

Norwegian billionaire and investor Frederik Mohn saw a considerable loss at his investment company Perestroika last year. An investment in drilling company Transocean contributed significantly to the loss, writes Norwegian media E24.

Photo: PR/Transocean

Drilling company Transocean, and the downturn in the oil market, resulted in a major loss for Norwegian billionaire and investor Frederik Mohn's investment company Perestroika last year.

The loss amounted to NOK 3.3 billion, writes Norwegian media E24, not least due to a large write-down related to Mohn's investment in Transocean, which, like its competitors, was hit hard by the collapse in oil prices in the spring of 2020.

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