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Saverys family loses Euronav election: Shareholders want merger

By a vast majority, Euronav’s shareholders reject three board candidates with ties to shipping family Saverys.

CMB and CEO Alexander Saverys presented four candidates for Euronav's board of directors, but none were elected. | Photo: PR / CMB

ANTWERP / COPENHAGEN

When Euronav’s senior management and board of directors begin their efforts to merge with Frontline in the time to come, it will be without interference from the company’s largest shareholder, shipping company CMB, owned by the Saverys family.

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