Knightsbridge to List on Oslo, Merger Decision Around the Corner

zoom Knightsbridge Shipping Limited has announced that its shares have been approved for a secondary listing on the Oslo Stock Exchange. The announcement comes in connection with the previously announced merger between Knightsbridge and Golden Ocean Group Limited. The listing is subject to the completion of the merger. The merger between the two bulker owners  is expected to be discussed and approved during special general meetings of Golden Ocean and Knightsbridge scheduled for March 26, 2015. The merger was announced back in October last year. The combined company, with Knightsbridge as the surviving entity, will be renamed Golden Ocean Group Limited and will operate a fleet of 72 vessels, of which 34 are newbuildings under construction as of December 31, 2014.  First day of trading in the shares of the merged company, on the Oslo Stock Exchange is slated for April 1st, 2015.