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John Fredriksen disposes of Seadrill shares

Shipping investor John Fredriksen continues to pare down his ownership share in the financially ailing drilling company Seadrill, which is struggling to land a rescue plan, according to Norwegian media outlets.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Norwegian-Cypriot John Fredriksen continues to dispose of his shares in Seadrill, which he previously chaired.

Norwegian media outlets, including E24 and Finansavisen, write that Fredriksen now owns 20 percent interest in the troubled drilling company, which is working towards landing an extensive rescue plan.

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