Frontline PLC (OSTO:FROo)

kr 265 2 (0.76%) Market Cap: 60.95 Bil Enterprise Value: 98.17 Bil PE Ratio: 5.93 PB Ratio: 1.74 GF Score: 62/100

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Frontline Plc to Announce the Acquisition of 24 Moder VLCCs from Euronav NV Call Transcript
Oct 09, 2023
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kr192.14 (+0.84%)

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

Oct 09, 2023 / 01:00PM GMT

Release Date Price: kr208.2 (+5.96%)

Transcript

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

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