Hafnia to buy 14.5% stake in rival Torm for $311m
- Oaktree will reduce its stake in Torm from 41% to 27%
- Hafnia will become the second-largest shareholder in Torm
- Hafnia believes ‘consolidation is positive’ but ‘has made no decision in this regard’ related to Torm stake
Time will tell whether Hafnia’s move is the first step in a future consolidation bid or purely an investment decision
