Frontline to raise USD 100 million for growth

Tanker operator Frontline wants to raise USD 100 million from share divestments. The funds will be used to expand business, among other things.

Photo: Frontline

Tanker shipping company Frontline, controlled by John Fredriksen, is on the hunt for more money.

By divesting shares, the operator aims to raise USD 100 million to be used for growing the company and other "general corporate purposes," according to a statement.

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