Backing for the deal came as shares in the tanker owner raced up by over one fifth as trading resumed Monday.
The takeover, which makes Euronav the largest listed pure-play crude tanker owner in the world, was hailed by KBC Securities and met with an upgrade from RS Platou Markets.
In a note to clients KBC said: “We welcome this transaction as it is to significantly expand and rejuvenate Euronav’s fleet as well as is to lower the break-even requirements for its VLCC fleet.
“In
