Oaktree Capital Accepts Hafnia's Offer To Acquire ~14.1M A Shares In TORM, Representing ~14.45% Of TORM's Issued Share Capital For $311M

Author: Benzinga Newsdesk | September 03, 2025 08:53am

Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") announces that Oaktree Capital Management, L.P. and its affiliates (together, "Oaktree"), the controlling shareholder of TORM plc ("TORM", CSE ticker code: "TRMD A", NASDAQ ticker code: "TRMD"), has accepted, subject to entering into a definitive agreement, Hafnia's offer to acquire approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM's issued share capital (the "Share Purchase"). The A shares are priced at US$ 22 per share for a total purchase price of US$ 311,433,342.

The completion of the Share Purchase is subject to the parties entering into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, satisfaction of certain covenants and appointment of a new independent board chair of TORM.

Posted In: HAFN TRMD