Saverys up Euronav stake again as boardroom battle looms
Battle lines are being drawn over the strategy and future for Euronav as CMB seeks to scuttle the merger with Frontline in favour of a green future with CMB Tech
CMB was already Euronav’s biggest shareholder, but the Saverys family have further increased their lead, with a 14.39% stake putting them well ahead of rival John Fredriksen’s 10%. The family has now spent a total of $302m in Euronav shares since September in the past year and further stock raids have not been ruled out
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