ShippingWatch

Fredriksen in large-scale Seadrill share acquisition

John Fredriksen has now - through his company Hemen Holding - acquired two million shares in Seadrill, which he describes as the most important company in the group.

Photo: Richard Drew/AP/POLFOTO/arkiv

Norwegian shipping magnate John Fredriksen has turned his thoughts into action and has thus acquired two million shares in drilling rig company Seadrill, according to a brief to the Oslo Stock Exchange.

The acquisition was made through Hemen Holding, which is controlled indirectly by funds established by John Fredriksen, and which is aimed at securing his family. Following the transaction, John Fredriksen owns 115,097,583 shares in Seadrill, corresponding to 23.34 percent.

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

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs