Pan acquired 83.9 million shares, or 14.2 percent, in Fjord at an average price of NOK 7.97 (€1/$1.21), bringing its total shareholding to 235.7 million shares, or 40 percent of the company.

Geveran Trading, the John Fredriksen-owned majority shareholder in Pan Fish, subscribed for 11 million shares in the offering, bringing its total holding in Pan Fish to 945 million shares, or 31 percent.

Geveran aquired Marine Harvest from Nutreco and Stolt on March 6, then sold the division to Pan Fish for €1.3