John Fredriksen and his tanker vehicle Frontline continue to unwind their combined position in one-time takeover target DHT Holdings.
The Norwegian-born tycoon has sold off 390,000 shares in New York-listed DHT, reducing his stake to 6.8%, according to an SEC filing.
A chunk of the shares sold were from Frontline’s investment in the tanker owner, which has now been lowered to 4.1%.
