John Fredriksen
Oh BTW… forgot to mention! Do ”YOU” know what Pan Fish; Marine Harvest; Geveran Trading; and 74% ownership of Fjord Seafood LLC (in 2005) “ALL” have in common” ?
The answer is - John Fredriksen:
Geveran Trading (100% Fredriksen) buys Domstein's 24% stake in Fjord Seafood.
Pan Fish (controlled by Fredriksen) announced that two companies (Pay Fish & Geveran Trading) indirectly controlled by Fredriksen had acquired a combined 48% of the company's outstanding shares of Fjord Seafood.
Geveran Trading buys Marine Harvest and before turning ownership over to Pan Fish Geveran sold its stake in Fjord Seafood to Pan Fish. Its remaining shares purchased by Pan Fish, Fjord Seafood is de-listed from the Oslo Stock Exchange. Wella… Your Atlantic open net fish farming has a lustrous God Father, and I really do mean he is YOUR – “GOD FATHER”, as in a real mafia type, as he is currently attempting to take over Cermeq.
“Moves toward
consolidation in the aquaculture sector were sparked by the activity of
shipping magnate John Fredriksen, Norway's richest man before abandoning his citizenship of the country in 2006.[SUP]
[38][/SUP] Fredriksen's first major move into the industry came in the second quarter of 2005, when Domstein's 24% stake in Fjord Seafood was sold to his
investment vehicle
Geveran Trading. Around the same time, Pan Fish announced that two companies indirectly controlled by Fredriksen had acquired a combined 48% of the company's outstanding shares.[SUP]
[40][/SUP] In October of that year, with salmon prices high,[SUP]
[41][/SUP] Fjord submitted an offer for a majority stake in Cermaq to the Norwegian Government, which was preparing it for a public listing. However, as with the first merger attempt in 2002, Fjord failed in its bid—this time the offer was rejected by the Government.
“Fredriksen's efforts to effect change finally bore fruit in March 2006, as Geveran Trading succeeded in purchasing Marine Harvest from its joint owners for €881 million, before immediately turning ownership over to Pan Fish.[SUP]
[43][44][/SUP] Geveran also sold its stake in Fjord Seafood to Pan Fish at the same time. With its remaining shares purchased by Pan Fish, Fjord Seafood
de-listed from the Oslo Stock Exchange on 6 July 2006. With regulatory hurdles in the United Kingdom and
France cleared, the Marine Harvest group was brought under the control of Pan Fish by the end of 2006. To allow the merger to go ahead, the sale of the former Pan Fish Scotland division was agreed with the regulatory authorities. After an initial deal to sell the unit to
Norskott Havbruk, owners of rival company Scottish Sea Farms, was called off in July 2007, Pan Fish Scotland was
spun off into a separate publicly traded entity,
Lighthouse Caledonia, that November.
“Geveran Trading held a 28% stake in the company upon completion of the merger, a shareholding which has since increased to almost 30% as of March 2009.
“With the creation of a much enlarged company complete, the Pan Fish management announced a complete change in its identity in December 2006. The firm's new brand was chosen to reflect each of its three main constituents: "Marine Harvest" was again revived as the new name for the company, and the Fjord Seafood slogan "excellence in seafood" and a reworked version of the Pan Fish motif were also included in the new
logo.
Atle Eide, CEO of Pan Fish from 2003, continued in his position, but resigned in September 2007 for personal reasons. Eide was replaced on an interim basis by
Leif Frode Onarheim, before the CEO position was filled permanently by former
GE Healthcare executive
Åse Aulie Michelet in March 2008. Michelet was unexpectedly removed from her position in March 2010 and was replaced by former
Lerøy Seafood CEO Alf-Helge Aarskog.
Who is John Fredriksen?
“John Fredriksen, (born 10 May 1944) is a Norwegian-born Cypriot oil tanker and shipping tycoon, owner of the world's largest oil tanker fleet, and was Norway's richest man until he chose to abandon his Norwegian citizenship and take up a Cypriot passport. Norwegian magazine E24 listed Fredriksen in 2011 with a net worth of NOK 59,7 billion ($10.7 billion USD). Through his investment companies Hemen Holdings and Meisha, Fredriksen controls the companies Frontline and Golar LNG from London.
“He also has major interests in the offshore driller Seadrill, the fish farming company Marine Harvest the dry bulk company Golden Ocean Group, and supply vessel company Deep Sea Supply. Fredriksen's Frontline in 2010-11 owned 9,6% of another large tanker company Overseas Shipholding Group, but divested itself of this stake during 2011.
“Fredriksen made his fortune during the Iran-Iraq wars in the 1980s when his tankers picked up oil at great risk and huge profits. As described by his biographer, "he was the lifeline to the Ayatollah."
“In 1985 the Norwegian insurance company Gard got suspicious about losses of cargo from Fredriksen's tankers. A private investigation was initiated and a system for the use of heavy oil as bunker fuel was revealed. The case was turned over to the Norwegian police and in June 1986 Fredriksen's offices in Oslo were searched and several of his nearest associates, and after a while also Fredriksen, were placed in detention while the case was investigated.
“After several years of arguments between the various lawyers the case was settled out of court. Fredriksen had to pay a fine of 2 million NOK for risking his crew's life, and in addition had to pay the insurance company Gard an amount of over 800.000 USD.
http://en.wikipedia.org/wiki/John_Fredriksen
Yep… John Fredrick, like most other God Fathers ended up jailed for insurance fraud and did you note -”risking his crew’s life. Decides it is time to leave his country and really does want to control the entire world’s Atlantic salmon farming industry. This man doesn’t care about human life, let alone any environment. His only concern is power and MONEY. Truly, is the Atlantic fish farming industries - “God Father.”
Every one of you that are pro Norwegian Atlantic fish farming are supporting his efforts!