One of the five largest shareholders in Avance Gas has offloaded some of its shares in the company.
Folketrygdfondet has sold 400,000 shares, reducing its total ownership to 4.2%.
In today’s share price, the transaction would have cost NOK 0.94m ($1.17m).
Shares in Avance Gas were gaining more than 8% earlier this morning, changing hands at NOK 24.50 each.
Folketrygdfondet is a professional investment manager whose main task is to manage the government pension fund of Norway on behalf of the ministry of finance.
According
