Trafigura has taken its stake in Frontline as part of its blockbuster deal to sell the John Fredriksen company more than a dozen tankers.
The Swiss commodities trader disclosed its 16 million share stake in the New York-listed shipowner in a Securities and Exchange Commission filing Tuesday.
Eleven days ago, Trafigura agreed to sell Frontline 10 scrubber-fitted, 2019-built suezmax tankers for a total of $675m in cash and shares.
