Frontline moves on voting rights

PUBLISHED : Friday, 24 October, 1997, 12:00am
UPDATED : Friday, 24 October, 1997, 12:00am

Norwegian tanker group Frontline says it will demand equal voting rights for ICB Shipping's A and B shares.

'Frontline's primary demand will be to equalise the voting rights of the two share classes,' the company said as it outlined plans to continue opposing ICB's takeover of Astro Tankers.

The Norwegian company has claimed that ICB's acquisition of Greek tanker operator Astro was aimed at halting its bid for the Swedish company.