John Fredriksen becomes major shareholder in Frontline's competitor
John Fredriksen, via CK Limited, buys shares in tanker carrier Euronav. Fredriksen is already a major investor in the tanker industry through his ownership of Frontline, and his interest in buying from competitors has caused concern before.
Norwegian-Cypriot shipping magnate John Fredriksen has bought shares in tanker carrier Euronav, which could be considered the largest competitor of Fredriksen's own carrier Frontline.
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