On March 4, 2025, CMB.TECH NV announced that it has entered into a share purchase agreement with Hemen Holding Limited (“Hemen”) to acquire 81,363,730 shares in Golden Ocean Group Limited (“Golden Ocean”), representing approximately 40.8% of Golden Ocean’s outstanding shares and votes. This includes all Golden Ocean shares controlled by Hemen.
The purchase price is 14.49 USD per share. The transaction will not trigger a mandatory takeover bid or similar offer in Bermuda, Norway, the United States, or any other jurisdiction.
The Transaction will not trigger a mandatory takeover bid or similar offer in Bermuda, Norway, the United States, 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.
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.
CMB.TECH is a diversified and future-proof maritime group. The company owns and operate more than 150 seagoing vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels & workboats. It also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, United States and Africa. CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT.
Golden Ocean Group Limited is a Bermuda incorporated shipping company specializing in the transportation of dry bulk cargoes. As of February 2025, the Golden Ocean fleet consists of 91 vessels, with an aggregate capacity of approximately 13.7 million deadweight tonnes. Golden Ocean’s ordinary shares are listed on the Nasdaq Global Select Market with a secondary listing on the Euronext Oslo Stock Exchange.
Hemen Holding Limited is an investment vehicle controlled by Norwegian shipping magnate John Fredriksen, with significant interests in the maritime and energy sectors.