John Fredriksen's tanker ship operator Frontline has agreed to buy a fleet of ten suezmax tanker vessels from Trafigura.
Frontline will buy the tanker vessels from a wholly owned subsidiary of Trafigura in a transaction that includes around 16 million shares at USD 8 apiece as well as a cash sum in the range of USD 538 to 547 million, informs Frontline in a notice to the Oslo Stock Exchange.
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