Euronav NV Says Discussions Between Parties Are Well Advanced; However, There Can Be No Certainty That These Discussions Will Lead To An Agreement; Frontline Would Acquire 24 VLCC Tankers From Euronav Fleet For $2.35B
Portfolio Pulse from Benzinga Newsdesk
Euronav NV is in advanced discussions to sell 24 VLCC tankers from its fleet to Frontline for $2.35 billion. However, there is no certainty that these discussions will lead to an agreement.
October 05, 2023 | 1:16 pm
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Euronav NV is in advanced discussions to sell 24 VLCC tankers to Frontline. The deal, if it goes through, could potentially bring in $2.35 billion for Euronav.
The potential sale of 24 VLCC tankers could bring in significant revenue for Euronav NV. However, as the deal is not yet confirmed, the impact on the stock price is uncertain. If the deal goes through, it could potentially boost Euronav's financial position and have a positive impact on its stock price. Conversely, if the deal falls through, it could have a negative impact.
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