Independent journal on economy and transport policy
08:37 GMT+2
BATTLE FOR ICB LOST BY FRONTLINE
(Cargoweb)
October 21, 1997
Swedish tanker group ICB Shipping has successfully managed to decline a hostile takeover bid from Norwegian competitor Frontline owned by John Fredriksen. Frontline now threatens with legal action.
After a meeting in Stockholm ICB shareholders overwhelmingly voted by voice to approve their company's plan to buy Astro Tankers, herewith blocking Frontline's ...... Read more on Cargoweb
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