The Belgian operator on Monday announced thatshareholders have approved a capital increase to the tune of $300m against theissuance of nearly 33 million shares.
In a statement Euronav pointed out that this was “thelast step required for the full financing” of a transaction that started totake shape late last year.
Prior to the capital increase the company sold$50m worth of new shares in a similar fundraiser completed in mid-January and also issueda $235m 7-year bond while lining up a $500m secured credit facility that wasminted earlier this month.
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