CMB.TECH has announced that it has completed the stock-for-stock merger between Golden Ocean Group Limited (Golden Ocean) and CMB.TECH Bermuda Ltd., a wholly owned subsidiary of CMB.TECH.
CMB.TECH Bermuda Ltd. remains the surviving company, and CMB.TECH is the issuer of the merger consideration shares.
The Merger was approved by shareholders holding 92.72 per cent of the shares present or represented at the special general meeting of shareholders of Golden Ocean.
The Merger creates one of the world’s largest diversified listed maritime groups, featuring:
- A combined diversified fleet of around 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container ships, offshore wind vessels and port vessels;
- A future-proof fleet with more than 80 hydrogen- and ammonia-ready vessels, offering low-carbon fuel optionality;
- Fair market value of the fleet of approximately $11.1 billion, underscoring scale and asset values;
- Young and fuel-efficient fleet with an average age of 6.1 years;
- Solid revenue visibility with a contract backlog of approximately $3.0 billion, supporting predictable cash flows and shareholder returns.
READ: CMB.TECH, Golden Ocean sign merger agreement
Alexander Saverys, CEO of CMB.TECH, commented: “As we welcome the Golden Ocean team and fleet to the CMB.TECH family, we look forward to creating value for all our stakeholders with our modern fleet of more than 250 ships.
“$11 billion worth of assets, three public listings in New York, Brussels and Oslo, more than one third of our fleet ready to be powered by low carbon fuels, a contract backlog of $3 billion and one goal: decarbonise today to navigate tomorrow.”
Earlier this April, NYK Line announced that three shipping and ship-management companies within the NYK Group will merge as part of a strategic business integration.
