Stock Track | Golden Ocean Soars 7% as CMB.TECH Acquires Major 40.8% Stake

Stock Track

Mar 05, 2025

Golden Ocean Group Limited (NASDAQ:GOGL) witnessed a significant soar of 7.06% in its stock price during the 24 hours leading up to the post-market session on Tuesday. This surge is attributed to CMB.TECH's announcement of acquiring a substantial stake in the shipping company.

CMB.TECH NV, a diversified maritime and technology group, revealed that it has entered into a share purchase agreement with Hemen Holding Limited. Under the agreement, CMB.TECH will acquire 81,363,730 shares in Golden Ocean, representing approximately 40.8% of Golden Ocean's outstanding shares and votes controlled by Hemen.

The acquisition will be made at a price of $14.49 per share, valuing the total consideration at around $1.18 billion. Notably, this transaction will not trigger a mandatory takeover bid or similar offer in any jurisdiction. CMB.TECH has expressed its intention to become a long-term shareholder in Golden Ocean and invest in the company's modern dry bulk fleet.

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This surge is attributed to CMB.TECH's announcement of acquiring a substantial stake in the shipping company.</p>\n\n<p>CMB.TECH NV, a diversified maritime and technology group, revealed that it has entered into a share purchase agreement with Hemen Holding Limited. Under the agreement, CMB.TECH will acquire 81,363,730 shares in Golden Ocean, representing approximately 40.8% of Golden Ocean's outstanding shares and votes controlled by Hemen.</p>\n\n<p>The acquisition will be made at a price of $14.49 per share, valuing the total consideration at around $1.18 billion. Notably, this transaction will not trigger a mandatory takeover bid or similar offer in any jurisdiction. CMB.TECH has expressed its intention to become a long-term shareholder in Golden Ocean and invest in the company's modern dry bulk fleet.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOGL","symbol_name":"金海洋集团","start_time":0,"source_url":"","article_id":"1191474102","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191474102","pubTimestamp":1741143160,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Golden Ocean Group Limited  witnessed a significant soar of 7.06% in its stock price during the 24 hours leading up to the post-market session on Tuesday. 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