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Fredriksen and Saverys continue acquisition raid in Euronav in feud over tanker merger

Rivaling parties in the clash over the merger of tanker companies Euronav and Frontline, John Fredriksen and the Saverys family, intensify efforts by acquiring more shares in Belgian tanker company Euronav. Fredriksen has surpassed an ownership share of 12%.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix and CMB

Once again, shipping magnate John Fredriksen has increased his amount of shares in the Belgian tanker company Euronav ahead of the annual general meeting on May 19, 2022.

According to filings reported to the US Securities and Exchange Commission (SEC), Fredriksen increased his share position on May 3, 2022, to 12,01% through his company Famatown Finance.

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