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Euronav ( (CMBT) ) has shared an announcement.
CMB.TECH NV, a company listed on the New York Stock Exchange and Euronext Brussels, has announced a significant merger with Golden Ocean Group Ltd., a major player in the maritime industry. This merger, approved by both companies’ boards, will result in CMB.TECH as the surviving entity and aims to create one of the largest diversified maritime groups globally, with a fleet of over 250 vessels. The merger, expected to complete in the third quarter of 2025, will see Golden Ocean delist from NASDAQ and Euronext Oslo Børs, while CMB.TECH will pursue a secondary listing on Euronext Oslo Børs. This strategic move is anticipated to enhance market capitalization, net asset value, and share liquidity, benefiting shareholders and stakeholders by expanding services and opportunities.
More about Euronav
YTD Price Performance: -14.55%
Average Trading Volume: 80,478
Technical Sentiment Signal: Buy
Current Market Cap: $1.77B
Find detailed analytics on CMBT stock on TipRanks’ Stock Analysis page.