Merger battle continues after another Saverys purchase in Euronav

Belgian shipping family Saverys has once again acquired shares in tanker carrier Euronav through company CMB. The family hopes to prevent the carrier’s merger plans with competitor Frontline.

Photo: PR / Euronav

Belgian shipping group CMB, the largest shareholder in tanker operator Euronav, continues its effort to prevent the planned merger of Euronav and competitor Frontline.

CMB has once again bought shares in Euronav and thereby increased its number of stocks to 40.9 million, thus achieving an equity stake of more than 20%, according to an announcement.

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