Euronav announces sale-and-leaseback deal for three ships
Euronav has entered into a sale-and-leaseback deal for three very large crude carriers with China’s Taiping & Sinopec Financial Leasing. Under the agreement, Euronav will subsequently enter into a 54-month bareboat charter contract
The sale is expected to generate about $66.6m in cash for the company, after settling debts associated with the vessels
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