Euronav has denied talk of a 75% majority being needed to seal its proposed merger with John Fredriksen’s Frontline.
Clarksons Platou Securities analysts Frode Morkedal and Even Kolsgaard said in a note to clients on Thursday they understood that shareholders would be offered a vote on the $4.2bn tanker transaction, with a 75% majority required to pass.
But a spokesperson for Euronav told TradeWinds the company has yet to even finalise the structure of the combination that investors will have a right to vote on.
