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John Fredriksen is now Euronav’s largest external shareholder

Hedge funds have been tactically shorting Euronav amid stock market volatility. In relation to the stake he has built up, the ball is now in Fredriksen’s court in terms of further moves, but Euronav does not believe in poison pill blockers to shareholdings

Tanker tycoon John Fredriksen has earned a tidy paper profit amid rising tanker stocks by quietly buying a $123m stake in rival firm Euronav

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