GeveranTrading, which is indirectly controlled by trusts established by the shippingtycoon, bought 9.9m shares on 5 September at NOK 5.59 per share.

TheNOK 55.5m ($9m) investment gives Fredriksen a 7.8% stake in Flex LNG’s total issuedshare capital.

Theacquisition follows Thursday’s disclosure that Interoil, which was Flex LNG’sfourth largest shareholder, sold its entire 7.1% stake.

Lastweek Flex LNG ended its dispute with Samsung Heavy Industries over cancelledfloatation liquefaction (FLNG) units.

Itopted