TORM plc (TRMD), Wednesday shared that Oaktree Capital Management, L.P. and its affiliates have accepted to sell the company's shares to Hafnia Limited for $22 per share, amounting to a total of $311.4 million.
The company further emphasized that it has not been involved in the transaction and has no further information.
Currently, TORM is trading at $22.11, up 1.01 percent on the Nasdaq.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.