CMB.Tech has bought John Fredriksen’s entire stake in Golden Ocean Group in a $1.18bn deal that ends most of the Norwegian shipping tycoon’s exposure to the bulker market.
The transaction also marks a dramatic turnaround in the relationship between two shipping groups that had once feuded over control of Euronav, which would later become CMB.Tech.
For the buyer, the deal adds significant diversity to CMB.Tech’s
