Euronav stock was under pressure Wednesday as news emerged that chairman Peter Livanos was looking to sell a block of shares in the tanker owner.
New York-listed Euronav slumped by 7% after 9 million shares from Livanos’s holding were offered through an accelerated bookbuilding process.
The stock being offered, equal to 5.7% of Euronav, is worth $125.1m based on the present trading price.
It
