Euronav and Frontline take next step towards merger, agree on share purchase deal
The merging of Euronav and Frontline is a major step closer after a share acquisition deal between the two companies. Frontline expects the merger to fall into place within a brief period.
by JENS THOMSEN
The long-heralded merger between tanker carrier Euronav and its competitor, John Fredriksen-controlled Frontline, has come one step closer to realization with a share purchase deal, according to a statement issued by the two companies.
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