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Tanker giant postpones New York IPO

Unfavorable conditions on the capital markets make Belgian Euronav postpone the company's planned IPO on the New York Stock Exchange.

Photo: Euronav

Belgian tanker carrier Euronav has postponed its announced IPO on the New York Stock Exchange, citing unfavorable conditions on the capital markets, says the carrier in a statement.

"The company will continue to evaluate the most appropriate timing for the offerings as market conditions develop," says Euronav.

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