HAFNIA LIMITED: Acquisition of an Additional 1.7 Million TORM Shares
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Hafnia closes in on 20% of Torm and raises $300m
Hafnia has raised $300m in fresh equity after making another move on Torm, taking its holding in the Danish product tanker owner to 19.85%. The BW Group-backed tanker giant allocated 35.49m new shares at NOK80 apiece through an accelerated bookbuild, raising the NOK equivalent of approximately $300m. The placement price was about 8% below Hafnia’s …
Tanker company Hafnia has significantly increased its stake in Danish Torm during September. This has left its mark on the shipping group, which is listed on the Norwegian stock exchange, which will now raise a billion through the sale of new shares to strengthen its balance sheet, Hafnia said in a stock exchange announcement.
HAFNIA LIMITED: Acquisition of an Additional 1.7 Million TORM Shares
SINGAPORE--(BUSINESS WIRE)--Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") has agreed to acquire 1,700,000 A shares in TORM plc ("TORM", CSE ticker code: "TRMD A", NASDAQ ticker code: "TRMD") at a price per share of USD 34.00, representing 1.66% of the issued and outstanding share capital of TORM as of the date hereof. Upon completion of this acquisition, Hafnia will hold approximately 19.85% of the …
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