Independent journal on economy and transport policy
03:12 GMT+1
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SHIPPING
CMB invested $1.18 billion. TECH to acquire 40.8% of Golden Ocean
The Belgian company will buy the stake held by John Fredriksen's Hemen Holding
Anversa
March 5, 2025
The Belgian shipping group CMB. TECH, which has a fleet of over
150 ships, has entered into an agreement to acquire the stake
in the Golden Ocean Group owned by Hemen Holding Ltd.
of the Norwegian shipowner John Fredriksen, a company that is
the reference shareholder of the company Frontline. These are
approximately 81.4 million shares, equal to approximately 40.8% of the share capital
They will be bought at a price of $14.49 per share.
Golden Ocean Group is the company to which the Golden Ocean Group was awarded in 2004
Frontline has contributed its own fleet of bulk carriers
(
of 3
December 2004). CMB. TECH specified that the objective
of the acquisition is to become a long-term shareholder
Golden Ocean and to invest in a fleet of modern ships
Bulk carriers.
The Golden Ocean fleet consists of 91 ships for
a total capacity of 13.7 million tonnes of
deadweight capacity. The company is listed on the stock markets
Nasdaq and Euronext Oslo.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Belgian shipping group CMB. TECH, which has a fleet of over
150 ships, has entered into an agreement to acquire the stake
in the Golden Ocean Group owned by Hemen Holding Ltd.
of the Norwegian shipowner John Fredriksen, a company that is
the reference shareholder of the company Frontline. These are
approximately 81.4 million shares, equal to approximately 40.8% of the share capital
They will be bought at a price of $14.49 per share.
(
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
