The Norwegian magnate has unveiled a $1.9bn secondary shares sale that could take his holding down to just 1.9% - a move that initially weighed on the shipowner’s share price.
While some investors have taken their money, leading equity analysts tracking the company believe Fredriksen’s sell-down is not a reason to run for cover.
Ben Nolan, a shipping analyst at Stifel, said: “Don't sound the alarm, Golar's direction is still unchanged.”
In
