John Fredriksen's family office bought 1 million shares in Oslo-listed Avance Gas Holdings as part of a recent secondary share offering, according to Avance. Fredriksen entities now control over 10% in the VLGC owner.
Hemen Holding purchased the shares Monday at NOK 17.97 ($2.10) per share. Shares in the company are down 82% for the year amid the ongoing rout in LPG freight rates.
Hemen
