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John Fredriksen drastically reduces stake in Solstad Offshore

Shipping magnate John Fredriksen reduces his stake in Norwegian Solstad Offshore yet again and is left with a minuscule share of the company, according to Oslo Stock Exchange announcements.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

John Fredriksen is doing it again – he is divesting in Norwegian supply company Solstad Offshore. After this divestment, he is left with the minuscule share of 0.14 percent of the company, according to an Oslo Stock Exchange notice.

According to the notice, Fredriksens holding company Hemen Holding Limited announced on January 3 that it would transfer 6,910,687 shares as "settlement of a share lending arrangement."

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