Norway: Golden Ocean acquiring 16 modern dry cargo ships

15.03.2017

Norway: Golden Ocean acquiring 16 modern dry cargo ships
E24.no, 15 Mar 2017, online:-
Norway-based dry bulk shipping company Golden Ocean will acquire 16 modern dry cargo ships for a total of USD 412.40mn (EUR 388.61mn). Payment will be in the form of shares and therefore, the company will issue 17.8 million new shares. 14 ships will be acquired from subsidiaries of Greece-based company Quintana Shipping, while two of the ships will come from subsidiaries of French-based company Seatankers. In connection to the acquisition, the company announced that it will conduct a share issue of USD 60mn (EUR 56.54mn) with DNB Markets and ABN AMRO as facilitators.
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