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CMB faces potential payout over Euronav deal after court ruling

Rebel Euronav shareholder FourWorld’s bid to unwind CMB’s mandatory takeover of the Belgian shipping group continues, with a Brussels court concluding on Friday that the offer price was wrongly calculated and both CMB and Frontline “exerted tremendous pressure” on Euronav’s supervisory board

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CMB may have to pay shareholders an additional sum if the Belgium Financial Regulator takes action, but they argue that the continuing legal action against them is “without merit”

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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