Seafood investor Teigen increases holdings in AKVA group

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Investor and shipping magnate strengthens position.

According to an announcement on the Oslo Stock Exchange on Friday morning, Tamarillo Invest and Babaco Invest both of which are controlled by AKVA group board member and primary insider Frode Teigen, have each acquired 8,500 shares in AKVA group at a price of NOK 58.80 per share.

After the transaction, Frode Teigen and related parties hold 17,000 shares in AKVA group in total.

In addition, Frode Teigen indirectly holds 50 per cent of the shares in the fishing/aquaculture equipment manufacturer and supplier Egersund Group, which in turn owns 20,703,105 shares in AKVA group.