v3.25.2
Business Combination (Tables)
6 Months Ended
Jun. 30, 2025
Business Combination [Abstract]  
Disclosure of detailed information about business combination Details of the fair value of identifiable assets and liabilities acquired, purchase consideration and goodwill
are as follows (note that fair value was not used as the measurement basis for assets and liabilities that
require a different basis, which includes the office leases, contingent liabilities, income taxes and defined
benefit pension plans):
(in thousands of USD)
Note
Book value
Adjustment
Fair value
Vessels
12
2,935,213
536,848
3,472,061
Right-of-use assets
12
108,886
101,865
210,751
Intangible assets
13
396
396
Investments
25
44,825
44,825
Investments in equity accounted
investees
25
53,236
(44,825)
8,411
Receivables
-
15,438
15,438
Current assets
-
179,997
6,739
186,736
Cash and cash equivalents
-
86,803
(6,739)
80,064
LT loans and borrowings
-
(884,455)
(884,455)
Non-current payables
-
(284,831)
(284,831)
Current liabilities
-
(382,432)
(382,432)
Total identifiable net assets
acquired
1,828,251
638,713
2,466,964
(in thousands of USD)
Acquisition of the shares on March 12, 2025
Consideration transferred in cash
1,178,960
Share in equity
40.80%
Total identifiable net assets acquired
1,006,610
Goodwill
172,350
(in thousands of USD)
Subsequent acquisitions (transactions with non-
controlling shareholders)
Consideration transferred in cash
subsequent purchases
137,066
Share in equity
8.55%
Total identifiable net assets acquired
210,771
Movement of equity as a result of
the step acquisition of non-
controlling interest
(73,705)