CMB Condifrtd Listing for Euronav
During its meeting of 17 June 2004, CMB's board of directors deliberated on
the possible
separate listing of CMB's tanker activities - currently operated under the
name Euronav - on
Euronext Brussels. It would be the intention to grant all CMB shareholders
new shares in
Euronav pro-rata to their shareholding in CMB whilst retaining their
existing CMB shares.
To study the feasibility of the planned operation, the board of directors of
CMB is being
advised by Petercam, KBC Securities, Fortis Bank and Linklaters De Bandt.
Amongst other
things, a ruling application will be submitted to the Ruling Commission in
order to obtain
confirmation of the tax neutrality of the envisaged transaction.
CMB expects that this project could be concluded successfully in the course
of the fourth
quarter of 2004.
