Hafnia set to become Torm’s largest shareholder

Torm’s ownership structure is shifting again, with Oaktree-linked OCM Njord Holdings putting 9m shares in the Danish product tanker giant up for sale in a block worth about $318m at Monday’s closing price. The secondary public offering would cut Njord’s holding from 20.33m shares, or just under 20%, to around 11.33m shares, equivalent to roughly … Read full article →