ShippingWatch

Fredriksen's holding company to launch bid for Avance Gas

John Fredriksen's Hemen Holding has increased its stake in gas ship operator Avance Gas, and the holding company aims to make a bid for all of the shares and thus take over the company, reports Finansavisen.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

John Fredriksen has his sights set on purchasing all of the shares in gas tanker operator Avance Gas.

The Norwegian-Cypriot shipping tycoon's private company Hemen Holding has just increased its stake in Avance Gas by a little more than 127,000 shares, now controlling 25.4 million shares in the carrier, or 32.8 percent, reports Finansavisen.

Read the whole article

Get 14 days free access.
No credit card required.

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

Further reading

Related articles

Trial banner

Latest news

See all jobs