Golar sells remaining stake in Korea Line
Golar LNG Ltd., a gas-tanker operator controlled by Norwegian billionaire John Fredriksen, sold its remaining 1 million shares of Korea Line Corp. for about $95 million.Golar LNG also sold shares of Korea Line in April for a combined profit of about $65 million, the Bermuda-based company said in a statement today distributed by Prime Newswire. Golar LNG will pay a one-time dividend of 75 cents a share, according to the statement.
Korea Line ranks 4th in amount of freight and 11th in scale in the world, according to its Web site.
with the Korea JoongAng Daily
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