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Frontline sells Navig8 stake

Frontline sells Navig8 stake

Oslo: 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. [25/11/10]

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