Independent journal on economy and transport policy
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Fusion of the shipowning societies Golden Ocean and Knightsbridge Shipping
Nascerà one of the companies world leaders in the field of dry the bulk with a fleet of 72 ships
October 8, 2014
the shipowning societies Golden Ocean Group Ltd. and Knightsbridge Shipping Ltd., that they are under responsibility both to the group of the Norwegian shipowner John Fredriksen and are quoted respective to the Stock exchange of Oslo and on the Nasdaq market, has established to join the forces putting into effect a fusion for incorporation based on which the Knightsbridge will absorb Golden Ocean. However the new company will maintain to the corporate name Golden Ocean Group Ltd.
the two societies have emphasized that with the fusion Capesize, eight Kamsarmax and eight Supramax will be born one of the shipowning companies world leaders in the field of dry the bulk with a modern fleet of 72 ships portarinfuse (46), of which 36 currently under construction.
the fusion will have to be approved of from the shareholders of both the societies in the course of assemblies that will hold the next December or in January 2015. The fusion agreement previews that the shareholders of Golden Ocean receive 0,13749 set in action of Knightsbridge for each action of Golden Ocean in they possession and that Knightsbridge puts 61,5 million new sets in action destined the shareholders of Golden Ocean.
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