DivestmentJun 29, 2026, 01:58 AM
CMB.TECH Sells Two Suezmaxes for $100.5M Capital Gain
AI Summary
CMB.TECH NV announced the sale of two Suezmaxes, Brest and Brugge, which are expected to generate a capital gain of approximately $100.5 million. This gain will be recognized in Q3 2026, coinciding with the delivery of the vessels to their new owner. CEO Alexander Saverys stated that the returns would be reinvested to support the company's diversified maritime group's continued growth.
Key Highlights
- CMB.TECH sold two Suezmaxes, Brest and Brugge.
- The sale is expected to generate a capital gain of approximately $100.5 million.
- Capital gain will be recognized in Q3 2026.
- Vessels will be delivered to the new owner in Q3 2026.
- Proceeds will be deployed in line with capital allocation strategy for growth.
Price Impact
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