Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 […]
The post Fredriksen buys 4.6 million more shares in Euronav as arbitration over failed merger looms appeared first on Offshore Energy.
John Fredriksen
Euronav Seeks Emergency Arbitration in Frontline Takeover Saga
Belgian tanker company Euronav (NYSE: EURN & Euronext: EURN) has informed shareholders that is has filed for an application request for emergency arbitration in relation to Frontline’s (NYSE: FRO &…
https://gcaptain.com/euronav-seeks-emergency-arbitration-in-frontline-takeover-saga/
Fredriksen Increases Stake in Euronav in Wake of Frontline’s Terminated Takeover Bid
Norwegian billionaire John Fredriksen has increased his stake in Belgian tanker company Euronav in wake of Frontline terminating its combination agreement with the tanker company. As gCaptain has reported, Fredriksen-controlled…
Fredriksen’s Frontline Walks Away from Euronav Bid
By Stephen Treloar (Bloomberg) — Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and create the world’s largest publicly listed oil-tanker company…
https://gcaptain.com/fredriksens-frontline-walks-away-from-euronav-bid/
Seaways adopts a poison pill defense
As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International Seaways (NYSE: INSW). A May 4 filing with the SEC by Frediksen-associated Famatatown Finance, showed that following its most recent purchases, it owned 8,166,856 shares in Seaways, valued at $169.3 million.
Commentators are divided on whether Fredriksen is looking for an...
https://www.marinelog.com/legal-safety/shipping/seaways-adopts-a-poison-pill-defense/
Shipping Magnate John Fredriksen Fights to Create World’s Largest Oil Tanker Company
By Alex Longley and John Martens (Bloomberg) — Two shipping magnates are battling over the creation of the world’s largest publicly listed oil tanker company. On Friday, Belgium’s Euronav NV said…
https://gcaptain.com/john-fredriksen-create-largest-tanker-company/
Tanker giants Frontline and Euronav to merge
A tanker mega merger is in the works. Frontline Ltd, (NYSE: FRO) and Euronav (NYSE: EURN) have signed a term sheet agreeing a potential stock-for-stock combination of the two companies. Based on an exchange ratio of 1.45 FRO shares for every EURN share, it would resulting in Euronav shareholders owning approximately 59% of the combined group and Frontline shareholders owning 41%.
If the deal goes through, the combined group would continue under the name Frontline and would continue to operate...
https://www.marinelog.com/legal-safety/shipping/tanker-giants-frontline-and-euronav-to-merge/
Billionaire Orders Tanker To Load Toxic Russian Cargo Near War Zone
by Captain John Konrad (gCaptain) Yesterday, while Joe Biden shutdown US ports to Russian oil, Frontline tankers (NYSE: FRO), founded by the billionaire John Fredriksen – Norway’s highest net worth…
Edda Wind orders three more CSOVs
Offshore wind service company Edda Wind (OSL:EWIND), Haugesund, Norway, has ordered three Commissioning Service Operation Vessels (CSOV) in addition to the six it already has under construction.
On delivery of the three latest newbuildings, the company will have a fleet of 11 purpose-built vessels, of which six are contracted on mid- to long term contracts with key clients like Ørsted, Vestas, Ocean Breeze, SSE and Siemens Gamesa.
“Ordering another three purpose-built CSOVs will further...
https://www.marinelog.com/news/edda-wind-orders-three-more-csovs/
John Fredriksen firm takes interest in Valaris
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris. The post John Fredriksen firm takes interest in Valaris appeared…
https://www.offshore-energy.biz/john-fredriksen-firm-takes-interest-in-valaris/