Pursuits
Fredriksen Sells $510 Million Stake in Marine Harvest
- Completes sale of 37.8 million shares at 117 krone a share
- Now holds about 17.7% of world’s largest salmon farmer
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Geveran Trading Co., a company controlled by shipping and oil billionaire John Fredriksen, sold a 4.42 billion krone ($510 million) stake in Marine Harvest ASA after a surge in prices.
Geveran sold 37.8 million shares, or about 8.4 percent of the world’s largest salmon farmer, in an accelerated book-building, according to an e-mailed statement from Morgan Stanley, who was bookrunner for the deal. Geveran now owns 79.6 million shares, or about 17.7 percent.