Frontline PLC (FRA:HF6)
€ 18.095 -0.315 (-1.71%) Market Cap: 3.92 Bil Enterprise Value: 7.15 Bil PE Ratio: 5.94 PB Ratio: 1.74 GF Score: 79/100

Frontline Plc to Announce the Acquisition of 24 Moder VLCCs from Euronav NV Call Transcript

Oct 09, 2023 / 01:00PM GMT
Release Date Price: €18.73 (+8.77%)
Operator

Good day, and thank you for standing by. Welcome to the investor presentation conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, CEO, Mr. Lars Barstad. Please go ahead.

Lars H. Barstad
Frontline plc - CEO of Frontline Management AS

Thank you very much. Good morning, and good afternoon to those of you in the U.S., we're sorry to disturb your Columbus Day. And thank you all for taking the time to join us on this a bit extraordinary call on this, what we believe is a very exciting day for Frontline.

I first want to kind of start off with saying that this transaction has been made possible by 2 titans of shipping coming together, together with the Supervisory Board of Euronav, namely John Fredriksen and Marc Saverys. Together, they managed to create an integrated solution to what has been a strategic and structural deadlock in Euronav. This benefiting Euronav shareholders by offering them a choice Frontline for growing it -- to

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot