Hafnia to acquire 14.45% stake in TORM plc from Oaktree
Hafnia has entered into a binding share purchase agreement with Oaktree Capital Management to acquire approximately 14.1 million A shares in TORM plc, representing 14.45% of TORM's issued share capital for a total purchase price of approximately USD 311 million (corresponding to USD 22 per share).
Completion of the acquisition is subject to customary conditions precedent, including regulatory clearances and approvals, satisfaction of covenants and the appointment of a new independent board chair of TORM.
Plesner is grateful to have advised Hafnia on this strategically important transaction. We extend our thanks to our colleagues and collaborators for a strong team effort supporting Hafnia in this significant investment.
Plesner's core team on the transaction included Henrik Laursen, Janus Jepsen, Peter E. Stassen, Lise Aaby Nielsen, Lynge Daugaard Jensen, Marcus Franzpötter and Aske Alexander Dilling Lundgren.