Copenhagen, Denmark | December 23, 2025 – Hafnia Limited has completed its acquisition of approximately 14.1 million A shares in TORM plc, representing 13.97% of TORM’s issued share capital as of the date of completion.
The transaction follows Hafnia’s stock exchange announcement on 18 December 2025, in which the company confirmed that all conditions precedent under the share purchase agreement with Oaktree Capital Management, L.P. and its affiliates had been satisfied.
Hafnia, listed on the Oslo Stock Exchange and the New York Stock Exchange, acquired the shares from Oaktree. Completion of the transaction has now taken place.
Further information regarding Hafnia’s current plans and intentions with respect to its investment in TORM is outlined in the Schedule 13D filed with the U.S. Securities and Exchange Commission on the same day.
TORM is one of the world’s reputed carriers of refined oil products. The company operates a fleet of product tanker vessels with a strong commitment to safety, environmental responsibility, and customer service. Founded in 1889, TORM conducts business worldwide. The company’s shares are listed on Nasdaq Copenhagen and Nasdaq New York under the ticker symbols TRMD A and TRMD.
About Hafnia
Hafnia is one of the world’s leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies. The company owns and operates around 200 vessels and offers a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and bunker procurement.
Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and employs more than 4,000 people onshore and at sea. The company is part of the BW Group, an international shipping group with more than 80 years of experience across oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production.
Source: Hafnia Limited