International Seaways Seals $370m Bruton Takeover Deal
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7 Articles
International Seaways seals $370m Bruton takeover deal
New York-listed tanker owner International Seaways has struck a deal to take over Tor Olav Trøim-backed Bruton in a transaction valuing the Oslo-listed VLCC company at around $370m. The agreement, announced on Friday, will see the Lois Zabrocky-led group acquire Bruton’s entire four-ship supertanker portfolio, going considerably further than the sale of two newbuildings first …
Investor Tor Olav Trøim's tanker company is to merge with an American giant. The share falls more than eight percent on the Oslo Stock Exchange.
Trøim's tanker investment will be included in International Seaways.
The case is being updated. Investor Tor Olav Trøim's tanker venture Bruton is to merge with the shipping company…
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