Gener8 shareholders approve Euronav takeover

Peter Georgiopoulos

Euronav and Gener8 Maritime announced that Gener8’s shareholders have approved the merger between the two companies by which, upon the closing of the merger, Gener8 will become a wholly-owned subsidiary of Euronav.

Holders of 81% of the outstanding shares of Gener8 cast their vote, of which 98% approved the merger.

Through the Merger and its related transactions, Euronav will have an operating fleet of 74 crude tankers and two FSO vessels. The fleet consisting of 43 VLCCs, 27 Suezmax, 2 ULCCs and 2 LR1s will have an aggregate carrying capacity of 19.4 million deadweight tons.

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