Fredriksen borrows close to 7m shares in Solstad Offshore

John Fredriksen’s Hemen Holding has borrowed around 6.91m shares in Norwegian shipowner Solstad Offshore through a share loan agreement with compatriot lender DNB.

The Oslo-listed Solstad said that following the transaction, Hemen Holding will have approximately 13.82m shares in the company, which corresponds to an 18.4% stake and voting rights.

Solstad stock is up 10.5% over 30 days, but it has been declining since mid-December last year. The company has yet to release its Q2 numbers. It recognised a NOK343.6m loss for the first quarter of this year.

Kjell Inge Rokke through his Aker Capital remains the largest shareholder of Solstad Offshore with 18.74m shares, corresponding to a 34% stake.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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