Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Hafnia ( (HAFN) ) has provided an announcement.
Hafnia Limited has announced its intention to acquire approximately 14.1 million A shares in TORM plc, representing about 14.45% of TORM’s issued share capital, for a total purchase price of $311.4 million. This investment reflects Hafnia’s belief in TORM’s management and fleet quality, and the potential positive impact of consolidation in the tanker industry. However, the completion of this share purchase is contingent upon entering a definitive agreement and fulfilling customary conditions, including regulatory approvals and the appointment of a new independent board chair for TORM.
The most recent analyst rating on (HAFN) stock is a Hold with a NOK65.00 price target. To see the full list of analyst forecasts on Hafnia stock, see the HAFN Stock Forecast page.
More about Hafnia
Hafnia is a leading global tanker owner, specializing in the transportation of oil, oil products, and chemicals for major national and international oil, chemical, trading, and utility companies. The company operates around 200 vessels and offers a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia is part of the BW Group and has offices in Singapore, Copenhagen, Houston, and Dubai, employing over 4000 people.
Average Trading Volume: 650,149
Current Market Cap: NOK30.77B
For a thorough assessment of HAFN stock, go to TipRanks’ Stock Analysis page.