Browsing Tag
BW Group
2 posts
Why is Hafnia paying 46% more per share to increase its stake in TORM?
Hafnia is spending another $145.1 million to increase its ownership of TORM from 13.97% to approximately 18.22%. The investment gives Hafnia greater exposure to record tanker earnings and considerable strategic influence, while still leaving it well below Denmark’s mandatory takeover threshold.
Hafnia secures $715m revolving credit facility to refinance debt and boost fleet liquidity
Hafnia secures $715M revolving credit facility to refinance debt, lower breakeven, and fund fleet expansion; institutional investors back its long-term strategy.