Euronav (CMBT) has released an update.
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Euronav NV reported that the Belgian Markets Court has dismissed most of FourWorld Capital Management LLC’s claims against the public takeover bid by CMB NV for Euronav’s shares. However, the Court acknowledged special benefits in the sale of ships to Frontline, estimating an impact of $0.52 per share, a potential increase from the initial offer if regulatory authorities decide it’s warranted. Meanwhile, Euronav is preparing to rebrand as CMB.TECH and is currently contesting related claims in Commercial Court proceedings set for the first half of 2026.
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