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Knightsbridge Shipping Oslo secondary listing approved

Knightsbridge Shipping Oslo secondary listing approved
The merger of Knightsbridge Shipping and Golden Ocean Group has moved another step forward with the approval of its prospectus for a secondary listing on the Oslo Stock Exchange.

Golden Ocean shares will be exchanged for Knightsbridge shares under the proposed merger. Then Knightsbridge will be renamed as Golden Ocean 31 March if the merger is approved.

Shareholders in the two companies are set to vote on the merger on 26 March.