Fredriksen increases Mowi stake to 14.8%.
Norwegian billionaire John Fredriksen has increased his stake in Mowi, acquiring an additional 500,000 shares through his investment vehicle Geveran Trading. The transaction brings his total holding in the company to 76.8 million shares, equivalent to 14.8 percent of outstanding stock.
The news was first reported by iLaks on 1 April, citing shareholder registry data from Infront and Euronext VPS.
Fredriksen’s move comes shortly after his exit from dry bulk shipping firm Golden Ocean in early March, which generated proceeds of approximately NOK 13 billion ($1.2 billion). Since then, he has been increasing his exposure across several holdings, including Star Bulk, DOF Group, and Mowi.
The additional purchase of Mowi shares—worth an estimated NOK 100 million ($10 million)— reinforces Fredriksen’s position as the company’s largest shareholder, a role he has held since 2006 when Pan Fish acquired Marine Harvest, which later rebranded as Mowi.
According to iLaks, the second-largest shareholder is Folketrygdfondet with a 9.9 percent stake. Citibank and State Street Bank follow at 3 percent and 2.7 percent respectively through nominee accounts.
