John Fredriksen increases stake in Avance Gas

John Fredriksen continues to increase his stake in pure-play VLGC shipowner Avance Gas with the acquisition of a substantial number of shares yesterday. Fredriksen’s Hemen Holding acquired 395,000 shares in Avance Gas at a price of NOK22.0267 ($2.34) per share, taking its total stake to 15,690,568 shares. The company now holds 24.316% of the shares …

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