The tanker owner Hafnia, part of the BW Group, has finalised the purchase of 13.97% of TORM shares.
“Hafnia is pleased to announce that completion of its acquisition of approximately 14.1 million A shares in TORM plc has now taken place,” Hafnia said in an announcement on Dec. 22, adding that “the acquired TORM A-shares represent approximately 13.97% of TORM’s issued share capital as per the date hereof.”
The completion follows Hafnia’s December 18 stock exchange announcement that all conditions precedent for the completion of the share purchase agreement with Oaktree Capital Management, L.P. and its affiliates had been satisfied.
From its side, the Copenhagen-headquartered tanker operator TORM plc said that it has been informed by Oaktree that the acquisition was completed on December 22, 2025.
“Following completion of the acquisition, TORM plc understands that Oaktree holds 26,425,059 A shares, and Hafnia holds 14,156,061 A shares, out of a total of 101,332,707 A shares of USD 0.01 each,” TORM noted in its announcement on Dec. 23.
Headquartered in Singapore, Hafnia owns and operates around 200 vessels. On the other hand, TORM’s wholly owned fleet of around 90 vessels is ranging in size between 45,000-115,000 dwt.
