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Golden Ocean Shareholders Approve Merger with CMB.TECH
ByAinvest
Tuesday, Aug 19, 2025 10:16 am ET1min read
Golden Ocean Group Limited shareholders have approved a stock-for-stock merger with CMB.TECH Bermuda Ltd., a subsidiary of CMB.TECH NV. The merger will result in each outstanding Golden Ocean share being exchanged for 0.95 CMB.TECH ordinary shares. Key dates for the merger settlement have been disclosed in a previous stock exchange announcement.
Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) shareholders have approved a stock-for-stock merger with CMB.TECH Bermuda Ltd., a subsidiary of CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT). The merger will see each outstanding Golden Ocean share exchanged for 0.95 CMB.TECH ordinary shares. Key dates for the merger settlement have been disclosed in a previous stock exchange announcement [1].The merger, expected to close on or around August 20, 2025, is subject to the approval of Golden Ocean's Special General Meeting on August 19, 2025. The last trading day for Golden Ocean shares on both the Oslo Stock Exchange (OSE) and NASDAQ will be August 19, 2025. The merged entity will begin trading on August 20, 2025, under the CMB.TECH ticker on both OSE and NYSE [1, 2].
The completion of the merger will occur before the scheduled reporting of the second quarter. Consequently, Golden Ocean will not issue a separate report for the second quarter and first half of the year. The Q2 2025 results for Golden Ocean will be published as part of CMB.TECH's Q2 2025 results [1, 2].
Golden Ocean is a Bermuda-incorporated shipping company specializing in the transportation of dry bulk cargoes. The company's fleet consists of 89 vessels with an aggregate capacity of approximately 13.5 million deadweight tonnes. Golden Ocean's ordinary shares are listed on Nasdaq with a secondary listing on the Euronext Oslo Børs under the ticker symbol "GOGL" [3].
For further queries, please contact Peder Simonsen, CEO of Golden Ocean Management AS, at +47 22 01 73 40, or Randi Navdal Bekkelund, CFO of Golden Ocean Management AS, at the same number [3].
References:
[1] https://www.goldenocean.bm/press-release/4644/gogl-golden-ocean-and-cmb-tech-key-dates-and-information-for-completion-of-merger/
[2] https://www.stocktitan.net/news/GOGL/gogl-golden-ocean-and-cmb-tech-key-dates-and-information-for-ub9gqi6lrain.html
[3] https://uk.finance.yahoo.com/news/gogl-golden-ocean-cmb-tech-064600109.html
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