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Belgian supertanker announces first IPO in 2015

Tanker carrier Euronav, which acquired Maersk Tankers' large supertanker fleet last year, will pursue an IPO in New York at a time when the tanker market has turned around and could face a golden 2015.

Photo: Euronav
BY OLE ANDERSEN
Published:

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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