CMB.TECH, Golden Ocean provide update on stock-for-stock merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 11 2025
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Merger Details: CMB.TECH is progressing with a stock-for-stock merger with Golden Ocean, where shareholders of Golden Ocean will receive 0.95 ordinary shares of CMB.TECH for each share they own, pending approval at a special general meeting on August 19.
Legal and Trading Updates: The merger is expected to close around August 20, coinciding with the first day of trading for new CMB.TECH shares on multiple exchanges; however, there are ongoing legal proceedings regarding shareholder dissent and additional disclosure requests related to the merger agreement.
Analyst Views on CMBT
Wall Street analysts forecast CMBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMBT is 13.65 USD with a low forecast of 13.50 USD and a high forecast of 13.80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.360
Low
13.50
Averages
13.65
High
13.80
Current: 11.360
Low
13.50
Averages
13.65
High
13.80
About CMBT
CMB.TECH NV is a Belgium-based company engaged in the maritime transportation and storage of oil products. The Company provides shipping services, in addition to focusing on fleet diversification and decarbonisation in large-scale low-carbon marine and industrial applications. The Company, along with its group entities, operates in two business segments: the operation of crude oil tankers on the international markets (tankers), and the floating production, storage, and offloading operations. The group owns and operates more than 250 seagoing vessels: crude oil tankers, dry bulk tankers, container transport, chemical tankers, offshore wind vessels, tugboats and ferries. The Euronav brand remain the brand name of the crude oil tanker and offshore oil activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
