Shipping tycoon to start raising fish

John Fredriksen, Norway’s wealthiest shipowner and an avid salmon fisherman, is now casting himself into the seafood business in a big way.
Fredriksen’s Greenwich Holdings Ltd is buying a stake in fish-farming business Pan Fish that’s been held by Nordea Bank since Pan Fish ran into trouble a few years ago.

Nordea is selling its 567.3 million shares in Pan Fish ASA to Greenwich Holdings, controlled by Fredriksen, for NOK 765.8 million (about USD 120 million).