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2010 November 25   11:46

Frontline sells Navig8 stake

John Fredriksen’s Frontline has sold its stake in Singapore-based tanker operator Navig8. Frontline said it had sold its 15.8% stake in Navig8 for $19.8m. No reason for the sale was given. The sale was at small loss with Frontline having bought the stake for $20m in February 2008.

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