John Fredriksen expands shareholding in Avance Gas

Norwegian-Cypriote John Fredriksen now owns more than 75 percent of gas carrier Avance Gas through his privately owned company Hemen Holding and crude oil carrier Frontline.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by SØREN PICO

John Fredriksen has expanded his shareholding in gas carrier Avance Gas, which he now owns 75 percent of through Hemen Holding and crude oil carrier Frontline.

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Fredriksen's holding company to launch bid for Avance Gas
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John Fredriksen becomes major shareholder in Frontline's competitor
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