Frontline-Euronav merger going as planned – but there are two different models
Frontline CEO Lars H. Barstad says the forthcoming merger with Euronav is on track, and that an offer for shareholders is imminent. However, a critical and large stakeholder has the parties working with two merger scenarios.
by DAG HOLMSTAD
The merger between John Fredriksen-controlled tanker operator Frontline and Belgian rival Euronav is on track, with a purchase offer on its way to Euronav’s shareholders.
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