Hafnia acquires additional TORM shares, eyes potential business combination

Hafnia Limited has finalized the acquisition of approximately 14.1 million A shares in TORM plc, representing about 13.97% of TORM's issued share capital. This follows the satisfaction of all conditions precedent in the share purchase agreement with Oaktree Capital Management, L.P. and its affiliates. The transaction was initially announced on December 18, 2025.

Hafnia's current plans and intentions regarding its investment in TORM are detailed in a Schedule 13D filing with the SEC. The company, a leading tanker owner and operator of around 200 vessels, is part of the BW Group and offers a fully integrated shipping platform.

This announcement also includes forward-looking statements about exploring a business combination with TORM, emphasizing that such discussions may or may not lead to a formal proposal or agreement. It is explicitly stated that this is not a public takeover offer.