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Fredriksen's Flex LNG raises billions NOK for new vessels

Gas carrier Flex LNG has raised over NOK 2 billion in a private share issue. The company, which is controlled by Norway's John Fredriksen, will use the money to finance new vessels.

Flex LNG has raised billions of Norwegian kroner in a private share issue, reveals the company in a press release.

The gas carrier, controlled by John "Big Wolf" Fredriksen and listed on the Oslo Stock Exchange, has raised approximately NOK 2.4 billion (USD 290 million) via a share issue. Close to one third of the shares have been sold to Geveran Trading Co, Fredriksen's investment company and Flex LNG's largest shareholder.

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