Frontline is gearing up to launch a $100m share sale, backstopped by an investment by John Fredriksen, aimed at funding growth.
The New York and Oslo-listed tanker owner, which Fredriksen controls as majority shareholder, has hired Norway's Arctic Securities to run the offering.
The company is selling more than 13.4 million shares at $7.45 each, which represents a 2.1% discount to today's closing price on the New York Stock Exchange.
Fredriksen's
