The acceptance period expired on Thursday afternoon and saw the Norwegian shipowner in control of 103,579,341 shares.

Geveran Trading has received acceptances for 44,330,567 shares, representing almost 35% of the share capital in Flex.

Each share was priced at NOK 8 ($1.12).

After becoming the major shareholder, Fredriksen will be in control of two 174,000-cbm LNG newbuildings at Samsung Heavy Industries.

Alongside two other LNG carriers being built at Korea’s DSME, Fredriksen will have a fleet of four LNG ships.

Flex