Torm majority owner Oaktree Capital has bought up shares in competitor Ardmore Shipping, which Hafnia previously attempted to take over. The equity fund is now the tenth-largest shareholder in the Irish tanker operator.
Anthony Gurnee is CEO of Ardmore, which earlier this year rejected a merger offer from Hafnia. | Photo: Marine Money
Torm’s main owner, US-based equity fund Oaktree Capital, has bought up shares significantly in one of the Danish shipping company’s biggest competitors.
