Norwegian-Cypriot shipping billionaire John Fredriksen has further increased his stake in the real estate company Fabege, according to two separate disclosure notices.

Fredriksen's ownership has increased to 71.97 million shares, corresponding to 21.76 percent of the capital and votes in Fabege. His previous ownership was 21.28 percent.

The shareholding has also been transferred internally from Geveran Trading to Norwegian Property.