Hemen sells stake in Golden Ocean to CMB.TECH
Cyprus, March 4 -- Hemen Holding Limited ("Hemen") announced that it has entered into an agreement to sell 81,363,730 shares in Golden Ocean Group Limited to CMB.TECH (NYSE: CMBT & Euronext: CMBT) ("CMB.TECH"), for a total consideration of approximately USD 1,179 million (the "Transaction"). The shares represent ca. 40.8%(1) of Golden Ocean's outstanding shares and votes and includes all Hemen's shares in the Company.The Transaction will not trigger a mandatory takeover bid or similar offer in Bermuda, Norway, the United States, or any other jurisdiction. The Transaction is exempt from registration under the U.S. Securities Act of 1933, as amended.Hemen is now pleased to see that a renowned drybulk owner and operator with a rich history suc...
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