Belgian tanker giant Euronav has scrapped its dividend payment for the third quarter as it awaits a change of control following the Frontline-Compagnie Maritime Belge deal.
In October, its two main shareholders agreed to effectively split the company, with Fredriksen’s Frontline paying $2.35bn for 24 modern VLCCs and the CMB-controlling Saverys family buying the tycoon’s stake and committing to launching a takeover offer.
