Fredriksen ups stake in Tui

摘要

John Fredriksen's investment vehicle, Geveran Trading, increased its stake in Tui from 3.07 to 5.12 on September 7, making it one of the largest shareholders. The share price paid appears to have been slightly lower than that on August 10, when the first shares were purchased, so if Geveran was looking for a quick killing, it will be disappointed. The move has heightened speculation that Fredriksen may be after financially-troubled Hapag-Lloyd, although his track record with past liner shipping investments suggests otherwise, particularly as Tui has recently made it clear that its subsidiary is not for sale.