CMB.TECH's update on the Golden Ocean merger process | CMBT Stock News

  • CMB.TECH (CMBT, Financial) and Golden Ocean Group Limited (GOGL) are progressing with their merger set to finalize around August 20, 2025.
  • The merger will create a combined maritime group operating approximately 250 vessels.
  • Post-merger, CMB.TECH shareholders will own 70% of the new entity, while Golden Ocean shareholders will own 30%.

CMB.TECH (NYSE: CMBT) has provided an update on its impending merger with Golden Ocean Group Limited (NASDAQ: GOGL). The merger, anticipated to complete around August 20, 2025, will see Golden Ocean shares exchanged for 0.95 CMB.TECH ordinary shares per Golden Ocean share. This will result in the issuance of approximately 95.9 million new CMB.TECH shares, consolidating the two entities into one of the world's largest listed maritime groups, boasting a combined fleet of approximately 250 vessels.

The merger has already cleared significant regulatory hurdles, including German antitrust clearance and SEC registration effectiveness. Golden Ocean is set to hold a special general meeting on August 19, 2025, to finalize shareholder approval for the merger. Upon completion, CMB.TECH shareholders are expected to hold approximately 70% ownership of the combined entity, with Golden Ocean shareholders holding the remaining 30%.

Structurally, this merger underscores strategic consolidation within the maritime sector, offering synergies and economies of scale. Post-merger, Golden Ocean will delist from Nasdaq and Oslo Børs, while CMB.TECH will maintain its presence on the NYSE and Euronext Brussels, and will additionally pursue a secondary listing on Oslo Børs, maintaining access to various capital markets to support its expanded operations.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.