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Euronav drops New York IPO plans

Euronav drops New York IPO plans
Expansionist tanker owner Euronav has dropped plans for an initial public offering on the New York Stock Exchange (NYSE).

Euronext-listed Euronav said it was postponing the IPO, which it filed for last month, due to unfavourable capital market conditions.

The company will continue to evaluate the most appropriate timing for the offerings as market conditions develop,” Euronav said.