M&A Deal Summary |
|
|---|---|
| Date | 2014-01-07 |
| Target | Very Large Crude Carriers |
| Sector | Transportation |
| Buyer(s) | Euronav NV |
| Sellers(s) | Maersk Tankers Singapore Pte. |
| Deal Type | Divestiture |
| Deal Value | 980M USD |
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Euronav NV is a provider of shipping services in addition to its fleet of modern large tankers.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Transportation) | 1 of 2 |
| Type (Divestiture) | 1 of 1 |
| Country (Singapore) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-21 |
Euronav NV - Six VLCCs
Antwerpen, Belgium Euronav NV - Six VLCCs include five 2016-built VLCCs and one 2015-built VLCC, each constructed at Shanghai Waigaoqiao Shipbuilding Co., and are expected to be delivered to the Company in the second quarter of 2018. In connection with the transaction, the Company intends to assume the debt currently secured by the acquired vessels, which consists of a $311 million credit facility, maturing between 2027 and 2028, and carrying a fixed annual interest rate of LIBOR plus 2.0%. |
Sell | $434M |
Maersk Tankers Singapore Pte. Ltd. is a provider of marine services.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Transportation) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Singapore) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
