EUROPE/MIDDLE EAST/AFRICA

摘要

Crude-oil tanker operator euronav reversed course last week by cancelling a planned US$100m all-primary IPO in the US, citing market conditions. The move followed a 22.8% decline in the company's shares since it originally disclosed plans of the sale last month. Euronav shares recovered 7% on the announcement and positive third-quarter earnings, to €8.50 in midday trading on Friday on NYSE Euronext Brussels. As part of the new NYSE listing Euronav had planned to facilitate registration for unregistered shares in Belgium it sold in a series of private financings. That exchange, which covered 67.8m shares, was also cancelled.