08:52 AM EDT, 09/11/2025 (MT Newswires) -- Hafnia ( HAFN ) said Thursday that it has entered an agreement with Oaktree Capital Management and its affiliates to acquire around 14.1 million shares of TORM ( TRMD ) for $22 per share, for a total price of about $311.4 million.

The acquisition, subject to regulatory clearances and other conditions, represents about 14.5% of TORM's ( TRMD ) issued share capital, the company said.

Hafnia ( HAFN ) also said that while it believes that a business combination with TORM ( TRMD ) is "to the benefit of shareholders in both companies," such discussions have yet to take place.