M&A - CMB.TECH NV

Form Type: SCHEDULE 13D

Filing Date: 2025-03-11

Corporate Action: Acquisition

Type: New

Accession Number: 000091957425001904

Filing Summary: On March 4, 2025, CMB.TECH Subsidiary entered into a share purchase agreement with Hemen Holding Limited to acquire all 81,363,730 common shares of Golden Ocean Group Limited (representing 40.8% of the Issuer's share capital) at a purchase price of USD 14.49 per share, totaling approximately USD 1.178 billion. The acquisition is part of CMB.TECH's strategic objective to diversify its portfolio and become a long-term shareholder in the Issuer while investing in a modern dry bulk fleet. To finance the acquisition, CMB.TECH entered into a bridge facilities agreement with various banks for loans totaling USD 1.4 billion. The Reporting Persons may also engage in discussions with the Issuer's management regarding financial condition and strategic plans and reserve the right to acquire or dispose of shares as needed. They currently beneficially own 40.8% of the Issuer's issued and outstanding shares, with no known plans for future actions that would affect the Issuer's current operational structure aside from this acquisition.

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