John Fredriksen’s Frontline is sitting pretty with its investment in DHT Holdings to date.
While Frontline has seen its takeover advances rejected, the tanker owner has benefited from both a spike in DHT’s stock and dividend payments.
According to Frontline’s newly released annual report, it paid $46.1m for 10,891,009 shares in its Oslo neighbour.
Based on DHT’s closing price of $5.13 per share on the New York Stock Exchange last night, Frontline’s 16.4%
