Euronav to acquire CMB.TECH as part of its new strategy
Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversification, decarbonization, and accelerated optimization of its current crude oil tanker fleet. The duo believes the acquisition would create a ‘leading and future-proof shipping platform’ and a ‘key player in sustainable shipping.
