Tidemand sells down to sixth-largest shareholder in Belships

Former Belships majority owner Sverre Jorgen Tidemand has sold down to a distant number six among shareholders in the Frode Teigen-controlled company.

Tidemand has sold down to just over 3% of shares in the Oslo Stock Exchange-listed bulker owner, with a sale of NOK 67.5m ($7.6m) worth of shares. As recently as the beginning of December, he had held the company's second-largest block of shares with a stake of about 7%.