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.
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