CMB.TECH and Golden Ocean have officially announced a definitive agreement to merge, creating one of the world’s largest listed diversified maritime shipping groups. The all-stock transaction, outlined in a merger agreement signed by both companies, follows the term sheet previously disclosed last month.
Under the deal, Golden Ocean will merge with and into CMB.TECH Bermuda, a wholly owned subsidiary of CMB.TECH. In exchange, Golden Ocean shareholders will receive 0.95 ordinary shares of CMB.TECH for each share they hold. Based on this exchange ratio and assuming no adjustments, CMB.TECH expects to issue approximately 95.95m new shares.
The combined entity will operate a fleet of about 250 vessels, spanning dry bulk, crude oil, chemicals, container shipping, and offshore support – significantly enhancing its global footprint and industry influence.
Following completion of the merger, current CMB.TECH shareholders will own approximately 70% of the company, while Golden Ocean shareholders will own about 30%.
Golden Ocean will delist from Nasdaq and Euronext Oslo Børs upon completion, while CMB.TECH will maintain its current listings and seek a secondary listing on Euronext Oslo Børs.
If all conditions are met on schedule, the companies expect to finalise the merger in the third quarter of 2025.
