By
admin
#Acquisitions, #Acquisitions/Mergers, #Acquisitions/Mergers/Shareholdings, #article_normal, #billion, #C&E Industry News Filter, #Content Types, #Corporate, #Corporate Actions, #Corporate/Industrial News, #Deal, #EURN, #Euronav, #Euronav N.V., #Factiva Filters, #freight transport, #Freight Transport/Logistics, #FRO, #Frontline, #Frontline Ltd., #industrial news, #logistics, #Marine Freight, #Marine Transport, #Merger, #Mergers, #Operators, #Ownership Changes, #reach, #shareholdings, #shipping, #Tanker, #transportation, #Transportation/Logistics, #water transport, #Water Transport/Shipping
Norwegian tanker operator Frontline Ltd. and Belgian peer Euronav NV said Monday that they have agreed to merge in an all-stock deal, confirming a plan proposed earlier this year.
The deal is based on an exchange ratio of 1.45 Frontline FRO shares for each Euronav EURN share and is expected to see the combined company held 55% by existing Euronav shareholders and 45% by existing Frontline shareholders, they said.
The…
