Shipping tycoon John Fredriksen has added to his Euronav holding in a move that brings him closer to making a takeover offer for the company.
Six months on from pulling the plug on a fleet combination deal with his Oslo-listed tanker company Frontline, Fredriksen now owns 28.48% of the Belgian VLCC and suezmax operation, up from around 26.5% previously and just short of the 30% level that would trigger a mandatory offer.
