After the plans were already announced last week, Frontline now says an agreement has been reached to resolve the deadlock in Euronav. Frontline will acquire 24 VLCCs in exchange for its shares in Euronav, which will pass to Euronav’s largest shareholder, Compagnie...
Tanker companies Frontline and Euronav seem to have found a solution to the deadlock they were in after plans to merge the two companies fell through. Frontline now wants to acquire 24 tankers from Euronav, with the first’s shares in Euronav then passing to...
Frontline announced plans to merge with Euronav in July 2022 to form the largest tanker company in the world. Although Frontline does not say why it has now decided to scrap the merger deal, Euronav’s biggest shareholder, Compagnie Maritime Belge (CMB, the...
Euronav’s founder and largest shareholder, Belgian Compagnie Maritime Belge (CMB) owned by the Saverys family, has publicly opposed the proposed merger between Euronav and Frontline. In a statement, CMB questions Euronav’s strategy, particularly in terms...
Belgian oil tanker company Euronav and its Norwegian counterpart Frontline have revealed plans to merge. If the combination materialises, the combined group would continue under the name Frontline and would continue to operate from Belgium, Norway, the UK, Singapore,...
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