Tanker

John Fredriksen approaches crucial share limit in Euronav

If the Norwegian-Cypriot shipping magnate buys more Euronav shares, he will have to make a purchasing offer to the company’s shareholders.
Photo: Ints Kalnins/Reuters/Ritzau Scanpix
Photo: Ints Kalnins/Reuters/Ritzau Scanpix
by DAG HOLMSTAD

John Fredriksen continues to buy up shares of publicly listed crude tanker carrier Euronav, and is now nearing the limit at which he will be obligated to make a purchase offer to other shareholders.

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