Tanker giant Euronav has taken its summer spending on its own shares to around $14m.
Wall Street’s largest crude tanker owner has regularly invested in its own equities this year with the latest move its ninth reported purchase since the start of 2019.
Euronav told investors today it had paid €3.5m ($3.9m) for 420,648 shares, a week after an €9.2m acquisition.
Coupled with the other purchases since January, Euronav now owns 4,946,216 of its own shares, worth around €40m today.
Shares in the tanker firm were trading at € 7.89 each at the time of writing today, against a 52-week high of €9.14 in mid-May and a low of €5.95.
Euronav will announce its second quarter results in early August.
