Oil tanker groups Frontline and Euronav scrap $4.2 billion merger

Oil tanker company Frontline said a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world’s largest publicly listed tanker company. Frontline will not make a voluntary conditional exchange offer for Belgian oil tanker and storage operator Euronav’s shares and will no longer seek a listing …

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