Golden Ocean Group Ltd. Announces Final Trading Day Ahead of Merger with CMB.TECH

Golden Ocean Group Ltd., a prominent player in the marine transportation industry, has announced that August 19, 2025, will be the last trading day for its shares. This announcement follows the company’s disclosure on August 18, 2025, regarding its merger with CMB.TECH NV. The merger is subject to approval at a Special General Meeting and successful completion of the merger process.

Golden Ocean Group Ltd., listed on the Oslo Bors ASA with a primary currency of NOK, specializes in the transportation of bulk commodities globally. The company operates a diverse fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax models, serving both spot and time charter markets.

As of August 17, 2025, Golden Ocean’s close price was 82.3 NOK, with a 52-week high of 145.1 NOK on September 29, 2024, and a 52-week low of 65 NOK on April 6, 2025. The company’s market capitalization stands at 1,550,000,000 NOK, with a price-to-earnings ratio of 13.94.

The strategic merger with CMB.TECH NV aims to enhance market position and operational synergies. The merger will see Golden Ocean merging with CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving entity. This merger is expected to create a stronger entity in the marine transportation sector.

In related news, the instrument KT31, associated with Golden Ocean Group, has been suspended with immediate effect as of August 19, 2025. This suspension is part of the broader financial adjustments surrounding the merger.

The merger’s completion is contingent upon the approval at the Special General Meeting and the fulfillment of all necessary regulatory requirements. The merger is expected to bring significant benefits to both companies, including enhanced operational efficiencies and a stronger competitive position in the global marine transportation market.

For further details on the merger and its implications, stakeholders are encouraged to refer to the joint stock exchange announcement made on May 28, 2025, by Golden Ocean Group Ltd. and CMB.TECH NV.