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Hafnia buys another 1.7 million TORM shares

Hafnia ($HAFN) agreed to acquire an additional 1.7 million TORM ($TRMD) Class A shares at $34 each, increasing its investment in the product-tanker operator. The shares represent approximately 1.66% of TORM’s outstanding capital. Once the purchase closes, Hafnia expects its total ownership to reach 19.85%, extending an already substantial minority holding. The purchase will be funded with available cash and credit facilities. It is an acquisition of existing shares rather than a new equity issue

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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

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