Shipping magnate John Fredriksen has added more Euronav shares to his shopping basket lifting his stake in the Antwerp-based tanker giant to 26.46% and surpassing the Saverys family as the top shareholder.
According to the latest US Securities and Exchange Commission (SEC) filing, Fredriksen’s investment vehicle Famatown Finance accumulated around $52m worth of shares in Euronav within a few weeks, with the most recent purchase of 964,000 shares on Monday at a price of $16.02 per share ($15.5m).
Before this transaction, Fredriksen, now a member of Euronav’s supervisory board, held 24.99% of shares through Famatown and Frontline, just 0.01% less than the Saverys.
