Frontline and Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal

Two of shipping’s biggest names, Norway-based Frontline Ltd. and Belgium’s Euronav NV, have agreed to merge in a move that would create one of the world’s biggest tanker owners. The all-stock deal announced Thursday, which has been approved by both the companies’ boards, involves an exchange of 1.45 Frontline shares for each Euronav share. The … Read more