Hafnia Ltd. Expands Stake in TORM with $311 Million Acquisition of 14.45% Shares from Oaktree

Reuters
Sep 03
<a href="https://laohu8.com/S/HAFN">Hafnia Ltd.</a> Expands Stake in TORM with $311 Million Acquisition of 14.45% Shares from Oaktree

Hafnia Ltd., a leading shipping company, has announced its strategic expansion by entering into a preliminary agreement to acquire 14.45% of TORM's shares from Oaktree Capital Management. This acquisition involves approximately 14.1 million A shares at a price of US$ 22 per share, amounting to a total purchase price of US$ 311,433,342. Hafnia views this investment as a move towards strengthening its position in the tanker industry, recognizing TORM as a well-managed company with a high-quality fleet. The completion of the share purchase is contingent upon entering a definitive agreement and meeting customary conditions, including regulatory approvals and the appointment of a new independent board chair for TORM. While Hafnia acknowledges the positive potential of industry consolidation, it has not made any firm decisions regarding future proposals or transactions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hafnia Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250903342308) on September 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10