The expected trade is expected to boost Frontline's profits ...
The expected trade is expected to boost Frontline's profits and cash flow per share, thereby enhancing its ability to pay dividends. In addition, Frontline's sale of its stake in euronav could lead to changes in Compagnie maritime Belge's ownership in euronav, which may further impact euronav's stock price and corporate management.
The "Ship King" ends acquisition deadlock! Frontline (FRO.US) acquires 24 oil tankers from euronav (EURN.US) for 2.35 billion US dollars.
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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