Belgian tanker carrier Euronav, currently listed on the Euronext exchange in Brussels, announced a New York IPO on Tuesday in which the carrier plans to sell around 13.5 million ordinary shares.
A share in Euronav - which in 2014 acquired Maersk Tankers' fleet of 15 supertankers, VLCCs, for a total price of almost USD one billion - traded at USD 12.94 yesterday, Monday. This could trigger around USD 185 million in net proceeds.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.