John Fredriksen-backed shipowning company SFL Corp has sold its stake in ADS Maritime Holding to a firm controlled by Norway's Bjorn Tore Larsen.
SFL sold its 17.2% stake in the Oslo-listed company — which until December was known as ADS Crude Carriers but which no longer owns any vessels — to Larsen's company ADS Shipping for around NOK 6.93m (about $818,000).
