Hafnia finalizes conditions for significant TORM stake acquisition

Hafnia Limited today confirmed the fulfillment of all conditions precedent for its acquisition of approximately 14.1 million A-shares in TORM plc from Oaktree Capital Management, L.P. This transaction, first announced on September 11, 2025, will result in Hafnia holding approximately 13.97% of TORM's issued share capital upon completion.

The percentage ownership has been adjusted from the initial announcement due to TORM's increased issued share capital of 3,380,278 new A-shares since September 11, 2025. Completion of the acquisition is anticipated to occur shortly.

Hafnia is a leading tanker owner operating around 200 vessels, offering a fully integrated shipping platform. The company, part of the BW Group, has offices in Singapore, Copenhagen, Houston, and Dubai.