US court rules in favour of CMB’s takeover of Euronav

The Saverys family-controlled Compagnie Maritime Belge (CMB) has cleared the first obstacle for the takeover of Euronav set by US investor FourWorld Capital Management. In late February, funds managed by FourWorld filed a complaint in a US District Court regarding CMB’s offer to purchase all outstanding ordinary shares of Euronav from US holders. The complaint …

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