CMB.TECH and Golden Ocean to Merge Forming Shipping Giant
- CMB.TECH and Golden Ocean Group signed terms for a planned stock merger.
- This follows CMB.TECH acquiring a significant shareholding in Golden Ocean during March.
- CMB.TECH will function as the surviving entity, absorbing Golden Ocean.
- An exchange ratio of 0.95 shares per Golden Ocean share is detailed.
- Completion of the merger is expected by third quarter 2025, forming a large shipping entity.
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Golden Ocean, CMB.TECH announce merger plan - Overpasses For America
agreed to jointly own and charter nine ammonia-powered vessels from 2026 to 2029, including three dual-fuel Newcastlemax bulk carriers and six chemical tankers. Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or impli…
CMB.TECH, Golden Ocean sign merger agreement
Golden Ocean Group and CMB.TECH have agreed to a proposed stock-for-stock merger, with CMB.TECH as the surviving company. Upon completion, CMB.TECH will issue 95.95 million new shares, with CMB.TECH shareholders owning 70 per cent of the merged company and Golden Ocean shareholders holding 30 per cent. The merger will reportedly form one of the world’s […] The post CMB.TECH, Golden Ocean sign merger agreement appeared first on Port Technology In…
Golden Ocean announces merger with CMB.Tech
Golden Ocean Group Ltd and CMB.TECH NV have announced that they have signed a term sheet for a contemplated stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 shares of CBM.TECH for each share of Golden Ocean, subject to customary adjustments.
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