John Fredriksen’s right-hand man Tor Olav Troim said Wednesday’s Frontline share sale would help the tanker supremo continue his push into container shipping and other areas.
The $344m he pocketed from the disposal of 12% of the Norwegian owner to US institutional investors will allow Fredriksen to become more diversified, Troim told Norwegian media.
Troim said the sale was a one-off deal.
Fredriksen
