Euronav and Frontline's merger may become an attractive target for investors
If the announced merger of tanker carriers Euronav and Frontline is realized, shipping will for the first time have a tanker operator so big that it may appeal to external investors, estimates advisory firm Evercore.
by JENS THOMSEN
Tanker operators Euronav and Frontline are not just in the process of merging into a gigantic tanker company compared to their competitors – the merger will also for the first time create a tanker carrier of a size that shares are likely to become interesting to a broader group of investors, according to investment banking advisory firm Evercore.
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