Norwegian investor Arne Fredly has sold his entire stake in seismic survey firm Axxis Geo Solutions, which is mulling a new direction ahead of its annual general meeting on Wednesday.

The Oslo- and Houston-based seismic survey vessel owner and charterer has just completed a major financial restructuring.

Fredly told TradeWinds on Tuesday that his firm Apollo Asset Limited sold its last remaining 50m shares in the Oslo-listed firm on Monday,...