Euronav NV notes market speculation concerning a potential transaction between Euronav and Metrostar
Euronav NV notes today's market speculation concerning a potential transaction between Euronav and Metrostar. Euronav’s company policy is no to comment on market speculation but it can confirm that it is in advance d discussions to acquire four VLCCs and if concluded, it would be funded from debt and existing liquidity available under revolving facilities. Euronav does not intend to issue equity in relation to this transaction. Management confirms that the Company will maintain its current dividend policy of distributi ng at least 80% of its annual net result. The Company has not made an offer on other vessels – specifically the Principal Maritime Suezmax vessels. Euronav will provide a further update if and when appropriate.
