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Euronav Announces Capital Increase for Maersk VLCCs

Euronav today announced that the meeting of shareholders has approved a $300 million capital increase against issuance of 32,841,528 new shares to acquire 15 Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. for a total acquisition price of $980 million, as announced January 5, 2014. Euronav said that all other points on the agenda of the shareholders’ meeting were also approved.