On the Record · Frontline
Frontline acquisitions, on the record
The businesses Frontline bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Euronav NVWord for word“Pursuant to the Framework Agreement, the Company agreed to purchase 24 VLCCs with an average age of 5.3 years, for an aggregate purchase price of $2,350.0 million from Euronav (the “Acquisition”).” 20-F for 2023 | agreed acquisition | — | $2,350.0 million |
Compagnie Maritime Belge NV (CMB)Word for word“The Share Sale closed in November 2023 at which time Frontline sold its 13,664,613 shares in Euronav to CMB for $251.8 million.” 20-F for 2023 | agreed divestiture | The Share Sale closed in November 2023 | $251.8 million |
CMB.TECH NV (formerly Euronav NV)Word for word“Pursuant to the Framework Agreement, the Company agreed to purchase 24 VLCCs with an average age of 5.3 years, for an aggregate purchase price of $2,350.0 million from CMB.TECH (the “Acquisition”).” 20-F for 2024 | agreed acquisition | — | $2,350.0 million |
CMB.TECH shares sold to Compagnie Maritime Belge NV (CMB)Word for word“The Share Sale closed in November 2023 at which time Frontline sold its 13,664,613 shares in CMB.TECH to CMB for $251.8 million.” 20-F for 2024 | agreed divestiture | Closed in November 2023 | $251.8 million |
Vessel sold (proceeds of $36.5 million net of debt repayment)Word for word“After repayment of existing debt on the vessel, the transaction generated net cash proceeds of $36.5 million, and the Company recorded a gain of approximately $17.9 million in the year ended December 31, 2024.” 20-F for 2024 | agreed divestiture | In the year ended December 31, 2024 | $36.5 million |
Five VLCCs and three Suezmax tankersWord for word“This was offset by: • $431.9 million proceeds from the sale of five VLCCs and three Suezmax tankers.” 20-F for 2024 | divestiture | — | $431.9 million |
24 VLCCs from CMB.TECH NVWord for word“Pursuant to the Framework Agreement, the Company agreed to purchase 24 VLCCs with an average age of 5.3 years, for an aggregate purchase price of $2,350.0 million from CMB.TECH (the “Acquisition”).” 20-F for 2025 | acquisition | — | $2,350.0 million |
Eight first-generation ECO VLCCs sold to an unrelated third partyWord for word“In December 2025, the Company entered into agreements to sell eight of our oldest first-generation ECO VLCCs, built between 2015 and 2016 to an unrelated third party, for a total sales price of $831.5 million.” 20-F for 2025 | agreed divestiture | December 2025 | $831.5 million |
Nine ECO VLCC newbuildings from affiliates of HemenWord for word“In January 2026, the Company announced that it had entered into agreements to acquire nine latest generation scrubber-fitted ECO VLCC newbuildings from affiliates of Hemen, for an aggregate purchase price of $1,224.0 million.” 20-F for 2025 | agreed acquisition | January 2026 | $1,224.0 million |
Read from Frontline’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.