Nikolaus Oldendorff, the main shareholder in Reederei Nord, has joined the shareholder ranks at Oslo-based shipping financier M&M Bank by taking a 5.9% stake.
Chief executive Halvor Sveen said he is very pleased with Oldendorff's entry as a shareholder, not least because of his strong shipping competence.
Sveen said Nikolaus Oldendorff will join the M&M board of early next year.
