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Frontline plc (FRO)
Dopo ore:
- GlobeNewswire
FRO – Investor Presentation – Fully funded acquisition of 24 modern VLCCs from Euronav NV
Frontline plc. will host an investor presentation in relation with the announcement «Fully funded acquisition of 24 modern VLCCs from Euronav NV» today, Monday October 9, 2023. A webcast and conference call will be held today at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The presentation will be available for download from the Investor Relations section at www.frontlineplc.cy ahead of the conference call. In order to attend the conference call you may do one of the following: a. WebcastGo to t
- GlobeNewswire
FRO – Fully funded acquisition of 24 modern VLCCs from Euronav NV
Frontline plc (“Frontline”) (NYSE and OSE: FRO), today announced that as an integrated solution to the strategic and structural deadlock in Euronav NV (“Euronav”), Frontline has entered into agreements with Euronav to acquire a high-quality ECO fleet of 24 VLCCs with an average age of 5.3 years, for an aggregate purchase price of USD 2,350 million (the “Acquisition”). The Acquisition is fully funded through the sale of Frontline’s shares in Euronav to CMB NV (“CMB”) and an attractive debt packag
- GlobeNewswire
FRO – Reference to stock announcement by Euronav BV
With reference to the stock announcement by Euronav BV (“Euronav”) on 5 October 2023, Frontline plc (“Frontline” or the “Company”) confirms that Frontline, CMB NV (“CMB”) and Euronav, are in discussions on an integrated solution to the strategic and structural deadlock in Euronav. The potential transaction, which is subject to board approval and documentation, comprises the following interdependent elements: Frontline would acquire a modern fleet of 24 VLCC tankers from the Euronav fleet for $2.
