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The latest update is out from Golden Ocean Group ( (GOGL) ).
Golden Ocean Group and CMB.TECH have announced a stock-for-stock merger, creating one of the largest diversified maritime groups with a combined fleet of around 250 vessels. The merger, which has been approved by both companies’ boards, will see CMB.TECH shareholders owning approximately 70% of the new entity, while Golden Ocean shareholders will own about 30%. The merger aims to enhance industry positioning and operational scale, subject to regulatory approvals and other customary conditions, with completion expected in the third quarter of 2025.
The most recent analyst rating on (GOGL) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Golden Ocean Group stock, see the GOGL Stock Forecast page.
More about Golden Ocean Group
Golden Ocean is a Bermuda-incorporated shipping company specializing in the transportation of dry bulk cargoes, with a fleet of over 90 vessels and a capacity of approximately 13.7 million deadweight tonnes. CMB.TECH is a diversified maritime group owning and operating more than 160 vessels, including crude oil tankers and dry bulk vessels, and offers hydrogen and ammonia fuel solutions.
Average Trading Volume: 4,261,169
Technical Sentiment Signal: Sell
Current Market Cap: $1.45B
For a thorough assessment of GOGL stock, go to TipRanks’ Stock Analysis page.
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