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Euronav ( (CMBT) ) has shared an announcement.
CMB.TECH has decided not to proceed with the issuance of a senior unsecured bond after engaging with potential investors. The terms offered under current market conditions were less favorable compared to other available funding sources, impacting the company’s financing strategy and potentially its market positioning.
The most recent analyst rating on (CMBT) stock is a Buy with a EUR11.20 price target. To see the full list of analyst forecasts on Euronav stock, see the CMBT Stock Forecast page.
More about Euronav
CMB.TECH is a major maritime group with a diverse fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels. The company also provides hydrogen and ammonia fuel, either through its own production or from third-party producers. Headquartered in Antwerp, Belgium, CMB.TECH operates globally with offices in Europe, Asia, the United States, and Africa. It is listed on Euronext Brussels, the NYSE, and Euronext Oslo Børs.
Average Trading Volume: 286,314
Current Market Cap: €2.34B
Find detailed analytics on CMBT stock on TipRanks’ Stock Analysis page.