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The latest announcement is out from Euronav ( (CMBT) ).
CMB.TECH has completed a stock-for-stock merger with Golden Ocean Group Limited, creating one of the world’s largest diversified maritime groups. This merger, approved by 92.72% of Golden Ocean shareholders, results in a combined fleet of approximately 250 vessels, with a significant portion ready for low-carbon fuels, and a fair market value of USD 11.1 billion. The merger enhances CMB.TECH’s global capital market presence with listings in New York, Brussels, and Oslo, and strengthens its financial flexibility with a robust liquidity position exceeding USD 400 million. The newly issued shares will begin trading on Euronext Brussels, NYSE, and Euronext Oslo, marking a significant step in the company’s strategy to decarbonize and expand its operations.
The most recent analyst rating on (CMBT) stock is a Hold with a EUR8.80 price target. To see the full list of analyst forecasts on Euronav stock, see the CMBT Stock Forecast page.
More about Euronav
CMB.TECH is one of the largest listed, diversified, and future-proof maritime groups globally, operating a fleet of about 250 vessels including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels. The company also provides hydrogen and ammonia fuel to customers, either through its own production or third-party producers. Headquartered in Antwerp, Belgium, CMB.TECH has a presence across Europe, Asia, the United States, and Africa, and is listed on Euronext Brussels, NYSE, and Euronext Oslo Børs.
Average Trading Volume: 46,353
Current Market Cap: €1.46B
See more insights into CMBT stock on TipRanks’ Stock Analysis page.