As part of the deal, CMB will acquire Frontline's 26.12% stake in Euronav at $18.43 per share, and Frontline will acquire 24 Euronav VLCCs for $2.35 billion.
Tanker shipping s odd couple prepares for a divorce | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization. The post Tanker shipping’s ‘odd couple’ prepares for a divorce appeared first on FreightWaves.