Norwegian investor Arne Blystad has cut his stake in Germany's MPC Container Ships (MPCC) to below 5%.

His Songa Capital offloaded 800,000 shares in the Oslo-listed company on 23 September, a filing shows.

Blystad and his immediate family now hold 21.79m MPCC shares.

The investor took a 6.5% stake in June when his Songa Container sold its 11 boxships to MPCC for $210.5m