Fredriksen buys stake in Norwegian wind service company

With a purchase of a 10.6 percent stake in wind carrier Edda Wind, John Fredriksen is entering the offshore wind market with the expectation of an investment in a growth market. Israeli shipping tycoon Idan Ofer also buys shares in Edda Wind.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

BY DANIEL LOGAN

Published: 08.11.21 at 11:33

Wind service company Edda Wind will be joined by the richest person in Norway, John Fredriksen, who assumes the role of co-owner in connection with a share issue expected to raise NOK 875 million (USD 102 million).

According to a press release, Fredriksen's Geveran Trading is buying a stake in Edda Wind in connection with an imminent IPO.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.