Yesterday, CMB’s (Belgische Scheepvaartmaatschappij - Compagnie Maritime Belge) and Euronav’s extraordinary general meetings approved the proposal to demerge CMB NV into CMB NV and Euronav NV as well as the split of the existing CMB shares with a factor of 5. From today, both the Euronav shares and the new CMB shares after the share split are listed seperately on the First Market of Euronext Brussels.
Euronav specialises in the operation of tankers for the transport of crude oil.
At the end of the first trading day the share price rose by 32 % compared to the initial reference price of EUR 19.60, to close at EUR 25.85, bringing the market capitalisation of Euronav at 1 billion EUR .
On the electronic orderbook, a total of 349.000 shares were traded amounting to a turnover of over EUR 8.6 million.
The company Euronav is classified under:
The Economic group 50: | “Cyclical Services” |
The Economic sector 59: | “ Transport” |
The Economic sub-sector 597: | “ Shipping and Ports” |