The results of CMB's public takeover bid for Euronav have been received.
This shows that 75 percent of the remaining shareholders have accepted the mandatory buyout offer from CMB, the shipping group of the Saverys family.
Following the conclusion of the mandatory public takeover bid for all outstanding shares of Euronav, the Antwerp shipping group CMB effectively controls 88.6 percent of the tanker giant.
“With the completion of the mandatory takeover bid, the last piece of the puzzle for resolving the strategic and structural impasse in Euronav has been completed”, Euronav CEO Alexander Saverys said in the press release.
