Seward & Kissel’s Maritime and Transportation Capital Markets Group represented CMB.TECH in its agreement for a stock-for-stock merger with Golden Ocean Group Limited
June 5, 2025
On May 28, 2025, CMB.TECH NV (“CMB.TECH”) and Golden Ocean Group Limited (“Golden Ocean”) announced that they have signed an agreement and plan of merger for a stock-for-stock merger, as contemplated by the term sheet previously announced on 22 April 2025. The transaction is structured as a merger, with Golden Ocean merging with and into CMB.TECH Bermuda Ltd. (“CMB.TECH Bermuda”), a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving company. The merger will create one of the largest listed diversified maritime groups in the world with a combined fleet of approximately 250 vessels. Seward & Kissel’s Maritime and Transportation Capital Markets Group is pleased to have represented CMB.TECH in this maritime transaction.
CMB.TECH is a diversified maritime group headquartered in Belgium, with offices across Europe, Asia, the United States and Africa. It owns and operates over 160 seagoing vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels and workboats.
Golden Ocean is a Bermuda incorporated shipping company specializing in the transportation of dry bulk cargoes. Its fleet currently consists of more than 90 vessels, with an aggregate capacity of approximately 13.7 million deadweight tonnes.
The press release issued by CMB.TECH regarding this transaction may be found here.
The Seward & Kissel deal team for this transaction was led by Keith Billotti and he was assisted by Jim Abbott, Walter Van Dorn, Madison Pesce and Olivia Brand. Partner Ted Horton was also involved with the transaction, along with colleagues Nick Katsanos, Kevin Gallagher, Michael Indelicato and Rhea Sharma.
Related Attorneys
Keith J. Billotti
(212) 574-1274
billotti@sewkis.com
Edward S. Horton
(212) 574-1265
horton@sewkis.com
James E. Abbott
(212) 574-1226
abbott@sewkis.com
Nick Katsanos
(212) 574-1382
katsanos@sewkis.com
Walter Van Dorn
(212) 574-1590
vandorn@sewkis.com
Madison Pesce
(212) 574-1229
pesce@sewkis.com
Olivia M. Brand
(212) 574-1478
brand@sewkis.com
Michael Indelicato
(212) 574-1618
indelicatom@sewkis.com
Rhea Sharma
(212) 574-1310
sharmar@sewkis.com
Kevin Gallagher
(212) 574-1441
gallagherk@sewkis.com