Hemen sells stake in Golden Ocean to CMB.TECH
Portfolio Pulse from
Hemen Holding Limited has sold its entire 40.8% stake in Golden Ocean Group Limited to CMB.TECH for approximately USD 1,179 million.
March 04, 2025 | 10:45 pm
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POSITIVE IMPACT
CMB.TECH has acquired a 40.8% stake in Golden Ocean Group Limited from Hemen Holding Limited for approximately USD 1,179 million.
CMB.TECH's acquisition of a significant stake in Golden Ocean could be seen as a strategic move, potentially enhancing its market position and leading to positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Hemen Holding Limited has sold its entire 40.8% stake in Golden Ocean Group Limited to CMB.TECH for approximately USD 1,179 million.
The sale of a significant 40.8% stake in Golden Ocean by Hemen to CMB.TECH is likely to impact the stock positively in the short term due to the high valuation of the transaction and the potential strategic benefits from CMB.TECH's involvement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100