Hafnia Completes $300 Million Equity Placement and Increases Stake in TORM to 19.85%
Hafnia has completed a $300 million equity placement aimed at strengthening its balance sheet following the acquisition of shares in TORM, which it recently began purchasing as part of an ongoing strategy. The company announced that this move includes the purchase of an additional 4.5 million shares of TORM (TRMD), increasing Hafnia's stake to 19.85%. Despite these efforts to bolster its financial position and strategic holdings, Hafnia’s stock fell by 6.6% in pre-market trading. The equity placement is part of a broader initiative to support the company's long-term growth objectives while managing capital structure effectively.
Tickers: $TRMD
Topics: acquisition balance sheet strengthening equity placement