Hafnia agrees to increase its TORM stake to 18.22%

Hafnia ($HAFN) agreed to acquire an additional 4.5 million TORM ($TRMD) Class A shares at $32.25 each. The purchase implies consideration of approximately $145.1 million and represents about 4.39% of TORM’s share capital. Once completed, Hafnia’s total holding is expected to reach 18.22%.

The transaction increases Hafnia’s financial exposure to another listed product-tanker operator, while leaving the investment below a controlling stake. The announcement concerns an agreed share purchase rather than a merger of the companies or an acquisition of TORM’s fleet. The enlarged ownership percentage is conditional on completion of the purchase; it should not be described as an already completed takeover. The release did not announce a combined operating plan or a new earnings forecast.

Sources:

• Hafnia — additional TORM share purchase