The Hansson family has increased its stake in Nordic American Offshore to 10% after spending another $1.21m on the company's New York-listed shares.
Oslo-headquartered NAO said executive chairman Herbjorn Hansson and his son, Alexander, purchased 1 million shares for $1.21 apiece.
The investment adds to a string of share buys in recent weeks.
$4.5m in purchases
Since 9 May, the Hanssons have spent $4.5m
