CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’

CMB.TECH and Golden Ocean Group to Merge, Creating One of the Largest Maritime Groups

Golden Ocean Group (GOGL) and CMB.TECH, a Belgian shipowner, have agreed to merge, forming what is expected to be one of the biggest diversified maritime groups globally, boasting a fleet of over 250 vessels. The merger, approved by both companies’ boards, will see CMB.TECH emerge as the surviving entity following the stock-for-stock deal. As part of the transaction, new shares of CMB.TECH will be issued, with CMB.TECH shareholders owning around 70% of the combined company’s share capital, while Golden Ocean shareholders will hold the remaining 30%. Post-merger, Golden Ocean will delist from NASDAQ and Euronext Oslo Børs, while CMB.TECH will maintain listings on the New York Stock Exchange and Euronext Brussels, with plans for a secondary listing on the Euronext Oslo Børs. The merger is expected to be finalized in the third quarter of 2025, creating a major player in the maritime industry with a substantial fleet. The CEOs of both companies expressed optimism about the merger, emphasizing the benefits it will bring to customers, employees, and shareholders. The move comes following CMB.TECH’s recent acquisition of a significant stake in Golden Ocean Group, aligning with its strategic diversification plans.