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.

by ASTRID STURLASON

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

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