John Fredriksen has sold shares in Euronav for the first time since investing in the Belgian tanker owner in 2021.

A US Securities & Exchange Commission filing shows his private company CK Limited now owns 17.78% of the potential merger partner, down 1%.

The tycoon controls 35.86m shares valued at €656m ($689m), having sold 2.02m shares in an unspecified period.

The disposal would have been worth €33.6m