CMB.TECH acquires stake in Golden Ocean for $14.49 per share

CMB.TECH (CMBT) announced that it has entered into a share purchase agreement with Hemen Holding, for the acquisition of 81,363,730 shares in Golden Ocean (GOGL) at a price of $14.49 per share. 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.