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.

BY OLE ANDERSEN

Published: 22.09.14 at 15:19

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.

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