Golden Ocean shareholder vote on CMB Tech merger set for August 19

Dry bulk shipping operator Golden Ocean Group will hold a special general meeting on August 19 in Bermuda to vote on its planned stock-for-stock merger with CMB Tech, according to a market update on the deal's progress.

The merger agreement, dated May 28, will see Golden Ocean shareholders receive 0.95 shares of CMB Tech for each Golden Ocean share they hold. Upon completion, current CMB Tech shareholders would own approximately 70 per cent of the combined company, with Golden Ocean shareholders owning the remaining 30 per cent.

The companies have received key regulatory approvals, including antitrust clearance from Germany on June 26 and an effective registration statement from the US Securities and Exchange Commission (SEC) on July 16. The parties aim to complete the merger on or around August 20, 2025.

The merger will create what CMB Tech describes as one of the largest listed diversified maritime groups, with a combined fleet of approximately 250 vessels. Following the deal, Golden Ocean would delist from the Nasdaq and Euronext Oslo Børs, while CMB Tech will remain listed in New York and Brussels and will pursue a secondary listing in Oslo.