Wikborg Rein assisted Songa Bulk in its combination with Star Bulk

Wikborg Rein assisted Songa Bulk ASA (OSE: SBULK) in its transaction to combine its fleet with Star Bulk Carriers Corp. (NASDAQ: SBLK) against consideration in shares of Star bulk and cash.

The transaction will create the world's largest dry-bulk owner, with 108 vessels (on a fully delivered basis) and a market cap of approximately USD 1bn. Star Bulk will also obtain a dual-listing on the Oslo Stock Exchange as part of the transaction.