Billionaire John Fredriksen Fights to Create World’s Largest Oil Tanker Business
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Two shipping magnates are battling over the creation of the world’s largest publicly listed oil tanker company.
On Friday, Belgium’s Euronav NV said that its investors should reject a resolution put forward by its largest shareholder Compagnie Maritime Belge to nominate three directors at its Annual General Meeting. CMB is effectively owned by the Saverys family, which wants to stop a proposed multi-billion dollar combination between Euronav and Norway’s Frontline Ltd.