Euronav and Gener8 settle class action suits for merger
New York-listed tanker owners Euronav and Gener8 have removed a legal hurdle for their planned tie-up by the end of June by revealing more details in the negotiation process. An Asian firm that presented a higher offer was rejected by the Gener8 board owing to uncertainty in obtaining government approvals.
Merger plan to create the world’s largest crude carrier has removed a legal hurdle, but Gener8 director Nicolas Busch is yet to commit his support to the idea
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792