ShippingWatch

Fredriksen considers buying more shares in Seadrill

The share price of the cornerstone in John Fredriksen's business empire, drilling company Seadrill, has gone down 26 percent this year. "My most important company," says John Fredriksen.

Photo: Seadrill

Norwegian shipowner and oil tycoon John Fredriksen is thinking about increasing his stake in oil rig company Seadrill, the cornerstone of Fredriksen's business empire. This happens as the company's share has dropped significantly during 2014.

"Seadrill is the most important company in the group. It's the company where I plan to spend the most time and energy going forward, and I'm thinking about buying increasing my stake following the recent development of the share," says John Fredriksen according to Reuters in an interview with Norwegian newspaper Finansavisen.

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs