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Frontline plc : FRO - Closing under the Share Purchase Agreement with CMB NV

Frontline plc : FRO - Closing under the Share Purchase Agreement with CMB NV
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Form 6-K Euronav NV For: Nov 30

Form 6-K Euronav NV For: Nov 30
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Euronav : A NEW CHAPTER FOR EURONAV - Form 6-K -November 22, 2023 at 05:17 pm EST

FRO – Closing under the Share Purchase Agreement with CMB NV

Frontline plc (“Frontline”) (NYSE and OSE: FRO), today announced that the sale by Frontline of 13.7 million shares in Euronav NV (“Euronav”) to CMB NV (“CMB”) has been completed. On 9 October 2023 Frontline announced that it had agreed on an integrated solution to the strategic and structural deadlock in Euronav, where Frontline had entered into agreements with Euronav to acquire a high-quality ECO fleet of 24 VLCCs with an average age of 5.3 years, for an aggregate purchase price of USD 2,350 m

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