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15 August 2022 The on-line newspaper devoted to the world of transports 15:53 GMT+2



July 11, 2022

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The merger between Frontline and Euronav goes through

The new Frontline will have a fleet of 146 ships cistern

The negotiations for the merger of the shipping companies Frontlilne and Euronav announced last April, an operation that will give life to a leading operator in the field of transport of liquid bulk with a fleet of 146 tankers ( of 7 April 2022). Announcing today that it has signed an agreement final to complete the project according to the terms initially agreed (1.45 Frontline shares for each action Euronav), the two companies have specified that the new Frontline, which will be listed on the Euronext stock markets Brussels, NYSE and OSE, will be headquartered in Cyprus and will be led by CEO Hugo De Stoop, current CEO of Euronav.

In 2021, the two companies recorded a total of revenue of approximately $668 million and operating margin gross of $246 million.


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