SUBMIT PICTURE: Norwegian- birthed delivery magnate John Fredriksen talks in Oslo, Norway, June 1, 2017. REUTERS/Ints Kalnins/File Photo

OSLO, Sept 3 (Reuters)– Seatankers, the effective holding firm of Norwegian- birthed billionaire John Fredriksen, claimed on Thursday it had actually employed an expert fund supervisor to expand the team’s profile and also generate outdoors resources in a brand-new device.

Vegard Soeraunet, up until just recently a financial investment supervisor at Norway’s ODIN Fund Management, will certainly supervise of “long-term and active ownership” beyond Seatankers’s delivery and also overseas oil solutions markets, the firm claimed.

“Getting the opportunity to take this to the next level with a new structure under Seatankers, is a great opportunity,” Soeraunet claimed in a declaration.

It was the 2nd crucial consultation at Seatankers in current days complying with theAug 28 identifying of a hedge fund supervisor as its brand-new president.

While Fredriksen at first constructed his ton of money from delivery, regulating oil vessel team Frontline and also completely dry mass driver Golden Ocean, he has actually because increased right into fish farming, property and also various other organizations.

“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,” claimed Kathrine Fredriksen, among owner John Fredriksen’s 2 children.

“The idea is that we take advantage of this, in the new company, opening up for external capital,” she claimed.

Seatankers will certainly remain to develop its financial investment group and also develop lasting frameworks up until completion of 2020, the firm included.

John Fredriksen, 76, in 2014 informed Norwegian media he can look for outdoors financiers to take bigger risks in a few of his business and also can also give up control of some procedures.

In enhancement to Frontline and also Golden Ocean, Seatankers is the leading investor of fish farmer Mowi, property team Norwegian Property and also oil well driver Seadrill, to name a few. (Reporting by Terje Solsvik; Editing by Christopher Cushing)

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