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Euronav board returns fire from critical major shareholder

The board of tanker carrier Euronav, proposed merger partner of Frontline, counters the criticism posed by major stakeholder CMB, calling for shareholders to vote against CMB’s proposal at the upcoming AGM.

Photo: PR / Euronav

The battle lines between Euronav’s Supervisory Board and the Belgian tanker carrier’s largest shareholder, the Saverys family, are drawn even more sharply ahead of the carrier’s upcoming annual general meeting.

Euronav’s board now calls directly on shareholders to vote against a proposal by the Saverys family’s shipping company, CMB, to elect three board members, all put forward by CMB.

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