Hafnia Buys 1.7 Million More TORM Shares, Raising Stake to About 19.85%

Business Wire··NODK·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at USD 34.00 per share, a stake equal to 1.66% of TORM's issued and outstanding share capital. Following completion of the acquisition, Hafnia will hold approximately 19.85% of TORM's issued and outstanding share capital. Hafnia said it will fund the purchase with cash on hand and its available credit facilities. Hafnia is one of the world's leading tanker owners, operating around 180 vessels with more than 4,000 employees onshore and at sea, and is part of the BW Group.

Impact on assets 2

Energy▲ · 2 stocks
Hafnia Limited
HAFN
▲ PositiveCapitalrelevance

Hafnia acquires 1.7 million more TORM shares, raising its stake to about 19.85%, funded with cash and credit facilities.

Torm PLC Class A
TRMD
± MixedCapitalrelevance

Hafnia buys 1.7 million TORM A shares at USD 34.00, a large stake increase with no clear operational impact on TORM.

Off-coverage companies 1

BW GroupPrivate± Mixed
relevance

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