Fredriksen's dry bulk merger settled

The merger between John Fredriksen's dry bulk players, Knightsbridge and Golden Ocean, which creates a new major dry bulk entity, has now been settled. Read on to learn the plans for the carrier going forward.

BY KATRINE GRØNVALD RAUN

Published: 24.03.15 at 15:48

On Monday the Oslo Stock Exchange board of directors approved that the Knightsbridge shares can be traded on the exchange through a so-called secondary listing, as the carrier is listed on the New York Stock Exchange, and this means that the merger between Knightsbridge and Golden Ocean is going according to plan, says analyst agency Fearnley.

The two companies will in time be traded together on the New York Stock Exchange, with a secondary listing in Oslo, under the name Golden Ocean Group (GOGL).