FRO-Euronav merger

Seems like the Frontline (FRO)-Euronav (EURN) is moving ahead.
Lots of details in the Press release, including

  • Share exchange rate
  • CEO change
  • Board composition
  • Payment of dividend
  • Change of HQ (FRO moving to Cyprus)…

International Seaways (INSW) sold its share of the offshore ULCC vessels to EURN for around $140M.
I wonder if FRO keeps those assets, or opts to sell/spin-off those assets?

I wonder if the HQ move is due to tax concerns?