Shipping magnate John Fredriksen is sitting on a stake worth $141m in Norway’s DOF Group.
The tycoon’s private Geveran Trading subscribed for $30m of the offshore vessel owner’s stock last week as part of a $100m private placement to raise money towards the $1.1bn takeover of Maersk Supply Service.
Geveran then loaned 8m shares to help DOF settle the placement, before taking redelivery of these on Tuesday.
