TORM Completes Oaktree Share Acquisition, Holding 26.4 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Newsfilter
- Acquisition Completed: TORM plc completed the acquisition of shares from Oaktree Capital Management on December 22, 2025, with Oaktree now holding 26.4 million A shares, thereby enhancing its influence within the company.
- Share Structure Change: Following this transaction, Hafnia holds 14.2 million A shares, out of a total of 101.3 million A shares, which may impact future shareholder voting rights and corporate governance structure.
- Governance Process Initiated: The TORM board will initiate processes under Article 5 of the company's Articles of Association to determine if Oaktree has ceased to beneficially own at least one-third of the issued shares, affecting the voting rights of B and C shares.
- Market Reaction Anticipated: This acquisition may prompt market attention towards TORM's future strategic direction, especially against the backdrop of increasing competition in the oil transportation sector, as changes in shareholder structure could influence company decisions and operational strategies.
TRMD
$19.46+Infinity%1D
Analyst Views on TRMD
Wall Street analysts forecast TRMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRMD is 20.81 USD with a low forecast of 13.79 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 19.530
Low
13.79
Averages
20.81
High
26.00
Current: 19.530
Low
13.79
Averages
20.81
High
26.00
About TRMD
TORM plc is a United Kingdom-based shipping company. The Company owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Engineering segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. Its wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. It is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Elise, TORM India, TORM Lilly, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
