Euronav (CMBT) has released an update.
CMB.TECH has sold three of its Suezmax vessels to a subsidiary of its major shareholder, CMB NV, in a move aimed at rejuvenating its fleet and generating a capital gain of $70.93 million. This strategic sale aligns with the company’s goals to optimize its fleet and support future capital expenditures on new, environmentally-friendly vessels. The transaction was deemed beneficial and compliant with legal standards by independent directors and auditors.
For further insights into CMBT stock, check out TipRanks’ Stock Analysis page.