Tanker

Saverys family once again ups stake in Euronav

Belgian shipping family Saverys has bought additional shares in tanker carrier Euronav prior to Thursday’s AGM, which is set for a dramatic board election. Saverys aims to prevent a tanker merger.
Norwegian-Cypriot shipping magnate John Fredriksen (left) seeks to merge his company Frontline with Euronav, but Alexander Saverys of CMB means to prevent this. Both are major shareholders in Euronav. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix and CMB
Norwegian-Cypriot shipping magnate John Fredriksen (left) seeks to merge his company Frontline with Euronav, but Alexander Saverys of CMB means to prevent this. Both are major shareholders in Euronav. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix and CMB
by DAG HOLMSTAD

Well-known shipping family Saverys has continued buying shares in Euronav ahead of Thursday’s annual general meeting, which looks set for a dramatic board election due to the heralded merger with rivaling Frontline.

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