Euronav sells shares to finance supertankers

Belgian carrier Euronav will attempt to raise USD 350 million by selling shares to finance the acquisition of 15 VLCC vessels from Maersk Tankers.

Belgian Euronav is short USD 350 million for financing the carrier's purchase of Maersk Tankers' fleet of supertankers. The shipping company will attempt to raise the funds by selling shares, says Euronav after the Belgian carrier's acquisition of the ships was announced on Sunday.

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