Hafnia Ltd has completed the acquisition of nearly 14 percent of TORM PLC from Oaktree Capital for $311.43 million, involving approximately 14.1 million shares at $22 each. Following the acquisition, Oaktree holds about 26.4 million shares, while Hafnia holds around 14.2 million shares of TORM's total 101.3 million shares. Hafnia anticipates strong demand in the tanker sector, supported by increased trading volumes and refinery margins.
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