Euronav shares are trading higher after the company said Frontline and CMB NV are in discussions, under which CMB would acquire Frontline's 26.12% stake in the company.
Portfolio Pulse from Bill Haddad
Euronav announced that Frontline and CMB NV are in talks for CMB to acquire Frontline's 26.12% stake in Euronav. This news has led to a rise in Euronav's share price.
October 05, 2023 | 7:39 pm
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Euronav's share price is trading higher following the announcement of potential acquisition talks between Frontline and CMB NV for Frontline's stake in the company.
The potential acquisition of Frontline's stake in Euronav by CMB NV has led to increased investor interest in Euronav, driving up its share price. This indicates a positive short-term impact on Euronav's stock.
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