Just caught this new item from mid-week – Hafnia Tankers (HAFN) acquires a stake of Torm Plc (TRMD) from Oaktree Capital
Oaktree still has an additional 26% stake in Torm. I wonder if Torm has any concerns about being acquired? Oaktree Capital have been involved with Torm for many years, actually more than a decade. The company had already monetized on a portion of their Torm stake. Is the 14.1% stake sale, Step 2 of the process? Then Step 3, is the sale of the remaining stake (including the Power share)? TBD