CMB.TECH Acquires Stake in Golden Ocean Group
Belgian oil tanker group CMB.TECH has made a strategic move by entering into a share purchase agreement with Hemen for the acquisition of its stake in dry bulk shipping company Golden Ocean.
The agreement entails the purchase of 81,363,730 shares in Golden Ocean Group, amounting to approximately 40.8% of the company’s outstanding shares and voting rights. This includes all shares controlled by Hemen, at a price of $14.49 per share.
It is worth noting that this transaction will not trigger any mandatory takeover bid or similar offer in various jurisdictions, such as Bermuda, Norway, or the United States.
This acquisition aligns with CMB.TECH’s strategic goal of diversification, as the company aims to establish itself as a long-term shareholder in Golden Ocean and invest in a modern dry bulk fleet.
CEO of CMB.TECH, Alexander Saverys, expressed his enthusiasm about the deal, stating, “The acquisition of the Golden Ocean shares from Hemen marks a significant milestone in CMB.TECH’s diversification strategy. We are eager to collaborate with Golden Ocean’s board, management, and employees to build upon its strong legacy and drive long-term growth and innovation.”
With this acquisition, CMB.TECH is poised to enhance its presence in the shipping industry and leverage Golden Ocean’s expertise to further its strategic objectives.
Stay tuned for more updates on this exciting development in the maritime sector as CMB.TECH continues to expand its portfolio and drive innovation in the industry.