$4.2 Billion Oil Tanker Merger Falls Through ...Middle East

OILPRICE - Economy
$4.2 Billion Oil Tanker Merger Falls Through
source : OILPRICE ( Middle East ) () 23
A planned merger by two of the largest tanker operators in the world—Euronav and Frontline—has fallen through and the two companies will not make another attempt to combine their business. “We regret that we could not complete the merger as envisaged in July 2022, as that would have created the by far largest publicly listed tanker company. At the same time, both companies have independently very large fleets of crude oil and product tankers, and are already enjoying economies of scale as evidenced by our respective recent financial…

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