UNCOOKED ALERT: Euronav NV said to ...
Euronav NV, the Euronext and US-listed Belgian shipping company, is in focus amid takeover speculation.
People following the situation have heard Euronav has attracted takeover interest.
However, the identity of the suitor circling Euronav remains unclear, said people following the situation.
Some people following the situation suggested John Fredriksen, the Norwegian shipping magnate, may be rekindling plans to engineer a takeover, especially has he recently increased is stake in Euronav to around 28.48pc.
The stakebuilding move puts Fredriksen close to the 30pc acceptance level that would trigger a mandatory offer for Euronav, suggest reports.
In January Frontline, another shipping company that Fredriksen controls, scrapped a share-for-share merger with Euronav.
The collapse of the merger deal came after Compagnie Maritime Belge, one of Euronav's largest shareholders, objected to the merger with Frontline.
Compangie Martime Belge is controlled by the Saverys family.
Some people following the situation suggested that Saverys could be working on their own plan to purchase Euronav.
The mystery suitor circling Euronav - whether it's Fredriksen or the Saverys family - is also rumoured to be working with an "oil billionaire" on the potential takeover, said people following the situation.
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