This summer John Fredriksen and his Famaday Trading has acquired Norwegian Property (NPRO), while Stein Erik Hagen has sat quietly with his 10, 8 percent, Finance writes newspaper.
The former merchant’s canica woke However, Thursday afternoon, when Famaday announced that the company wanted to buy up to 35 million shares at 9.50 cents apiece through DNB Markets and Arctic Securities.
Hagens investment company responded by adding 5 cents more on the table at. share, and secured a post to 122 million.
– I’m not at all to give any comments , says Nils K. Selte in canica, who has also been a director of Norwegian Property for the past six years, the financial newspaper
Already plus
Fredriksen Cyprus-registered investment company eventually hand the new 29.2 million shares before the stock market opened yesterday, representing an investment of 277 million. The shipowner now controls just over 20 percent, while Hagen has 13.13 percent of the property.
In Finance newspaper calculations Famaday a cost of around 8.80 million on average. With yesterday’s closing price of 9.65 million means that the preliminary paper gain is of almost NOK 100 million.
– We think it is positive that shareholders want to buy more shares, and looking at Norwegian Property as an investment opportunity, says NPRO Chairman Jon Erik Brøndmo Finance newspaper.
– It is a testimonial to the management, which has led major renovation projects with success.
Read the full story in Saturday’s edition of financial newspaper
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