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FRO - FMSI Business Combined

Oct 25, 2019 - Thomson Reuters ONE

Frontline Ltd. (the "Company" or "Frontline") (NYSE:FRO) refers to the announcement made by Clean Marine AS today where FMSI and Clean Marine AS have entered into a term sheet pursuant to which the entities will effect a business combination to create a leading provider of exhaust gas cleaning systems ("EGCS" or "scrubbers"). Clean Marine AS has pioneered the development of hybrid and open loop multi-stream scrubbers, with research and development dating back to 2004. The combined entity, which ...