Bonheur & Ganger Rolf Reduce Stake in Fred. Olsen Energy

Bonheur ASA and Ganger Rolf ASA, together majority owners of Fred. Olsen Energy ASA, have each sold 2.5 million shares in FOE at NOK 282 per share after market close yesterday. The book value of these shares in the consolidated accounts of both Bonheur and Ganger Rolf is estimated to NOK 55 per share.

The placing was substantially oversubscribed. ABG Sundal Collier acted as manager for the secondary sale of shares. Bonheur ASA and Ganger Rolf ASA each owns 17.814.382 shares in FOE after the placing, together representing approximately 54% of the total number of outstanding shares in FOE. The sellers are insiders in FOE.