Frontline pushes ahead with Euronav ‘combination’ as standoff looms
A full merger between Frontline and Euronav is not required to ensure a combined entity, but its corporate structure will be cumbersome with four separate listings between them in New York, Oslo and Belgium, different shareholders, but the same chief executive and board
John Fredriksen will ask Frontline shareholders to approve a $100m share capital increase and the planned move from Bermuda to Cyprus on December 20. Assuming he gets the green light, that just leaves the likely very expensive solution of Saverys opposition to a full merger to deal with
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