Golden Ocean shows equity market open for oil industry

By Aidan Gregory
18 Feb 2021

Golden Ocean Group, the Burmuda-registered oil and dry bulk shipping company, has completed a Nkr2.87bn ($338.5m) capital raising backed by Norwegian billionaire John Fredriksen.

The share sale was launched after the market close in Oslo on Wednesday evening. At the Nkr53 offer price, investors received a discount of 5.4% to the closing price of the stock on the day.

Fredriksen, Golden Ocean’s largest shareholder, committed to subscribe for half of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial