.
MergerLinks Header Logo

New Deal


Announced

Euronav to acquire CMB.TECH for $1.15bn.

Financials

Edit Data
Transaction Value£908m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

hydrogen solutions

Pending

United Kingdom

Renewable Energy Equipment

Cross Border

Majority

Private

Acquisition

Friendly

Single Bidder

Synopsis

Edit

Euronav, a Belgian international shipping enterprise, agreed to acquire CMB.TECH, an hydrogen solutions company, for $1.15bn. “After having reached an agreement with Famatown Finance Limited and Frontline plc on the strategic and structural deadlock for Euronav, we are pleased to announce another significant milestone for Euronav with the acquisition of CMB.TECH. This will allow the Company to rapidly and meaningfully execute its diversification and decarbonization strategy,” Alexander Saverys, CMB CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US