FRO - Fronline Ltd. and Euronav NV sign definitive combination agreement to create a leading global independent oil tanker operator
The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022.
- The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022.
- The combined group will create a leading global independent oil tanker owner and operator with the management, capabilities, resources and scale to successfully capitalise on the opportunities presented by the new era in the sustainable shipping industry.
- The combination of the two organizations will create a single best-in-class, highly competent and experienced team.
- The enlarged fleet will enable the combined group to provide better service to customers on a global basis.