CMB.TECH buys Hemen stake in dry bulk shipping company Golden Ocean
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
CMB.TECH NV has announced that it has entered into a share purchase agreement with Hemen Holding Ltd, for the acquisition of 81 363 730 shares in Golden Ocean Group Ltd (representing ca. 40.8% of Golden Ocean’s outstanding shares and votes which includes all Golden Ocean shares controlled by Hemen), at a price of US$14.49 per share. The transaction will not trigger a mandatory takeover bid or similar offer in Bermuda, Norway, the US, or any other jurisdiction.
This acquisition is in line with CMB.TECH’s strategic objective of diversification, with the company intending to become a long-term shareholder in Golden Ocean and investing in a modern dry bulk fleet.
Alexander Saverys, CEO of CMB.TECH, commented: "The acquisition of the Golden Ocean shares from Hemen represents a significant milestone in CMB.TECH’s diversification strategy. We look forward to engaging with the board, management and employees of Golden Ocean and to build on Golden Ocean’s and Mr. Fredriksen’s strong legacy to drive long-term growth and innovation”.
To the extent the Transaction might impact Golden Ocean’s financing agreements, CMB.TECH has identified a bank syndicate to refinance all or parts of the current outstanding debt in Golden Ocean.
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Read the article online at: https://www.drybulkmagazine.com/shipping/06032025/cmbtech-buys-hemen-stake-in-dry-bulk-shipping-company-golden-ocean/
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