Seatankers, the effective holding firm of Norwegian- birthed billionaire John Fredriksen, stated on Thursday it had actually worked with an expert fund supervisor to expand the team’s profile as well as generate outdoors funding in a brand-new system.
Vegard Soeraunet, up until lately a financial investment supervisor at Norway’s ODIN Fund Management, will certainly supervise of “long-term and active ownership” beyond Seatankers’s delivery as well as overseas oil solutions markets, the firm stated.
“Getting the opportunity to take this to the next level with a new structure under Seatankers, is a great opportunity,” Soeraunet stated in a declaration.
It was the 2nd crucial visit at Seatankers in current days complying with the August 28 identifying of a hedge fund supervisor as its brand-new president.
While Fredriksen at first developed his ton of money from delivery, managing oil vessel team Frontline as well as completely dry mass driver Golden Ocean, he has actually considering that broadened right into fish farming, realty as well as various other companies.
“Seatankers holds a lot of expertise and gets access to many interesting investment opportunities and even though we always have a lot of free capital available, there are many good opportunities we must let go,” stated Kathrine Fredriksen, among owner John Fredriksen’s 2 little girls.
“The idea is that we take advantage of this, in the new company, opening up for external capital,” she stated.
Seatankers will certainly remain to construct its financial investment group as well as develop lasting frameworks up until completion of 2020, the firm included.
John Fredriksen, 76, in 2014 informed Norwegian media he might look for outdoors financiers to take bigger risks in a few of his business as well as might also give up control of some procedures.
In enhancement to Frontline as well as Golden Ocean, Seatankers is the leading investor of fish farmer Mowi, realty team Norwegian Property as well as oil well driver Seadrill, to name a few.
(Reporting by Terje Solsvik; Editing by Christopher Cushing)
