Frontline’s Fredriksen Holds About 5 Percent of Torm, JP Says

John Fredriksen, chairman and chief executive officer of Frontline Ltd., has bought shares in Torm A/S totaling now about 5 percent, Jyllands-Posten reported. It didn’t say from where it got the information.

Jens Martin Jensen, chief executive officer of Frontline Management A/S, confirmed the holding to the Aarhus-based newspaper but declined to specify how large it is. The investment isn’t strategic, Jyllands-Posten quoted Jensen as saying.

Click here for web link

To contact the editor responsible for this story: Frances Schwartzkopff at fschwartzko1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.