Fredriksen increases stake in Hapag-Lloyd parent
A company controlled by shipping magnate John Fredriksen has reportedly upped its stake in TUI AG, the German tourism and shipping company that owns Hapag-Lloyd.
Bloomberg and Thomson Financial report that Fredriksen’s Cyprus-based company Geveran Trading now owns 1.9 million voting shares of TUI, about 5.1 percent of the company, up from about 3 percent.
Fredriksen is chairman and chief stockholder of the tanker company Frontline.
Fredriksen increases stake in Hapag-Lloyd parent
