Fredriksen increases ownership in Mowi: Trades shares for €9.3 million

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Geveran Trading, Mowi’s largest shareholder, has increased its involvement in the world’s largest salmon farmer, according to a recent statement.

The investment firm, which is controlled and managed from John Fredriksen’s operational headquarters in Sloane Square in the Chelsea district of London, has purchased 500,000 Mowi shares. The share purchase took place taken place between 2 and 4 June.

This is stated in a recent list of shareholders obtained from the website Stocktalk.no (paid subscription).

Given the latest traded stock price in Mowi, the relevant shareholding has a value of NOK 98.3 million (EUR 9.3 million).

Fredriksen and Geveran are insiders so must report to the exchange about buying and selling in Mowi. It is probably a loan of stocks, to shortsale-investors in this case.

Geveran Trading controls a total of 14.15 per cent of the outstanding shares in Mowi, which remains the company’s largest shareholder, ahead of Folketrygdfondet, at close to ten per cent, and a pack with anonymous nominee accounts in various international investment banks.

Geveran Trading now holds a total of EUR 1.3 billion in Mowi shares.

Mowi is John Fredriksen’s largest single investment. And it can also be classified as a long-term investment. The Norwegian-born Cypriot oil tanker and shipping billionaire businessman has been the largest shareholder in Mowi, formerly known as Marine Harvest, since he bought it from the Dutch feed giant Nutreco in the spring of 2006.