Latest news with #CMBT
Reuters
3 days ago
- Business
- Reuters
CMB Tech to acquire Golden Ocean in $1.5 billion stock deal
May 28 (Reuters) - Belgian oil tanker group CMB Tech ( opens new tab is set to acquire shipping firm Golden Ocean Group (GOGL.O), opens new tab in a stock-for-stock deal valued at $1.5 billion, the companies said on Wednesday.
New Indian Express
5 days ago
- New Indian Express
SETC buses going via ECR may be moved to Anna Nagar West depot from CMBT
CHENNAI: As part of efforts to reduce congestion in the city by phasing out the Chennai Mofussil Bus Terminus (CMBT) in Koyambedu, officials from Chennai Metropolitan Development Authority (CMDA) and transport department are planning to relocate long-distance mofussil and SETC buses operating via East Coast Road (ECR) to the Anna Nagar West depot. At present, the CMBT operates 592 buses, with 400 scheduled to be moved to Kuthambakkam. Officials added that the remaining 142 mofussil buses and 50 SETC buses will also need to be relocated to a new facility to fully phase out the CMBT. The CMBT, which was built in 2002 at a cost of Rs 102 crore, spans 37 acres of land and has been operational for over two decades. Official sources attached to CMDA and transport department told TNIE that the new Kuthambakkam bus terminus, situated near Thirumazhisai along the Chennai-Bengaluru bypass, is nearing completion. Built at a cost of `427 crore, it is expected to be inaugurated by August or September. Once operational, TNSTC and SETC buses serving destinations such as Vellore, Krishnagiri, Walajah, Hosur, Tirupattur, and Bengaluru will be shifted from CMBT to the Kuthambakkam facility. This will leave CMBT with only a limited number of services to Puducherry, Cuddalore, Nagapattinam, and a few other locations. These remaining buses are also slated for relocation, with the Anna Nagar West depot being a key option under consideration, said an official.
Yahoo
12-05-2025
- Business
- Yahoo
CMB.TECH announces Q1 2025 results on 21/05/25
Antwerp, May 12, 2025 (GLOBE NEWSWIRE) -- NV (NYSE: CMBT & Euronext: CMBT) ('CMBT', ' or 'the Company') will release its first quarter 2025 earnings prior to market opening on Thursday 21 May 2025 and will host a conference call at 8 a.m. EST / 2 p.m. CET to discuss the results for the quarter. The call will be a webcast with an accompanying slideshow. You can find the details of this conference call below and on the 'Investor Relations' page of the website. The presentation, recording & transcript will also be available on this page. Webcast Information Event Type: Audio webcast with user-controlled slide presentation Event Date: 21 May 2025 Event Time: 8 a.m. EST / 2 p.m. CET Event Title: 'Q1 2025 Earnings Conference Call' Event Site/URL: To attend this conference call, please register via the following link. Telephone participants who are unable to pre-register may dial in to the respective number of their location (to be found here). The Phone conference ID is the following: 840 280 658# About (all capitals) is a diversified and future-proof maritime group. We own and operate more than 160 seagoing vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels, tugboats and ferries. We also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia and Africa. is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT. More information can be found at Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. Attachment announces Q1 2025 results on 21/05/25 CONTACT: Katrien Hennin +32 499393470 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
CMB.TECH announces Q1 2025 results on 21/05/25
Antwerp, May 12, 2025 (GLOBE NEWSWIRE) -- NV (NYSE: CMBT & Euronext: CMBT) ('CMBT', ' or 'the Company') will release its first quarter 2025 earnings prior to market opening on Thursday 21 May 2025 and will host a conference call at 8 a.m. EST / 2 p.m. CET to discuss the results for the quarter. The call will be a webcast with an accompanying slideshow. You can find the details of this conference call below and on the 'Investor Relations' page of the website. The presentation, recording & transcript will also be available on this page. Webcast Information Event Type: Audio webcast with user-controlled slide presentation Event Date: 21 May 2025 Event Time: 8 a.m. EST / 2 p.m. CET Event Title: 'Q1 2025 Earnings Conference Call' Event Site/URL: To attend this conference call, please register via the following link. Telephone participants who are unable to pre-register may dial in to the respective number of their location (to be found here). The Phone conference ID is the following: 840 280 658# About (all capitals) is a diversified and future-proof maritime group. We own and operate more than 160 seagoing vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels, tugboats and ferries. We also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia and Africa. is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT. More information can be found at Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. Attachment announces Q1 2025 results on 21/05/25 CONTACT: Katrien Hennin +32 499393470 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
CMB.TECH and Golden Ocean announce stock-for-stock merger
(CMBT) and Golden Ocean Group (GOGL) announced that they have signed a term sheet for a contemplated stock-for-stock merger, with as the surviving entity, based on an exchange ratio of 0.95 shares of for each share of Golden Ocean, subject to customary adjustments. The Term Sheet has been unanimously approved by Supervisory Board and by Golden Ocean's Board of Directors, including its special transaction committee composed of disinterested directors. As part of this, the Transaction Committee has received a fairness opinion from its financial advisor DNB Markets, part of DNB Bank ASA, concluding that the Exchange Ratio is fair from a financial point of view to Golden Ocean's shareholders. The transaction would be structured as a merger with Golden Ocean merging with and into Bermuda, a wholly-owned subsidiary of Existing shares of Golden Ocean, which are not owned by will be cancelled and ultimately exchanged for newly issued shares at an exchange ratio of 0.95 shares of for each share of Golden Ocean, subject to customary adjustments, including to reflect share buybacks, share issuances and/or dividend distributions that may take place prior to completion of the Merger. Upon completion of the Merger, 95,952,934 new shares of would be issued, whereby shareholders would own approximately 70% of the total issued share capital of the combined company and Golden Ocean shareholders would own approximately 30%, assuming the Exchange Ratio is not adjusted. Upon completion of the Merger, Golden Ocean would delist from NASDAQ and Euronext Oslo Bors. would remain listed on the NYSE and Euronext Brussels and will pursue a secondary listing on the Euronext Oslo Bors following and subject to completion of the Merger. The parties aim to enter into definitive transaction agreements, including an agreement and plan of merger, during the Q2 and to complete the Merger in the Q3. Shareholders should be informed that definitive transaction agreements may not be entered into on the indicated terms mentioned herein, or at all. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on CMBT: Disclaimer & DisclosureReport an Issue Announces Upcoming General Meetings in May 2025 and Fortescue Sign Landmark Ammonia-Powered Vessel Agreement Releases 2024 Annual Report and Form 20-F Reports Strong 2024 Results Amid Strategic Transformation signs agreement or nine ammonia-powered vessels Sign in to access your portfolio
