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Flex LNG resists Fredriksen bid

John Fredriksen's investment company Geveran has made an offer on the remaining shares in Norwegian Flex LNG. But the offer is far too low, says the carrier's board of directors, calling on shareholders to vote against the offer.

Photo: Richard Drew/AP/POLFOTO/arkiv
BY KATRINE GRØNVALD RAUN

John Fredriksen's investment company Geveran Trading has made an offer on the share not already owned by the company in Norwegian gas carrier Flex LNG, says the carrier in a statement to the Oslo Stock Exchange.

Geveran acquired 12.7 million shares in October, thus increasing its stake to 42.32 percent. It was rumored already at this time that Fredriksen was looking to acquire the entire company and would thus make an obligatory offer. This offer is now on the table.

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