Tanker

Torm major shareholder attempts partial sale of stake in tanker firm - again

The private equity fund Oaktree Capital, which has been the main shareholder in Torm since 2015, has put a large chunk of shares up for sale. A share sale earlier this year failed.
The good times in product tankers and for Torm have also been exploited by the company's CEO Jacob Meldgaard. He has sold Torm shares in the wake of a Torm quarterly report that showed the best nine months of earnings ever for the shipping company. | Photo: Torm
The good times in product tankers and for Torm have also been exploited by the company's CEO Jacob Meldgaard. He has sold Torm shares in the wake of a Torm quarterly report that showed the best nine months of earnings ever for the shipping company. | Photo: Torm
by DAG HOLMSTAD

Torm’s main shareholder of almost nine years is once again trying to sell its stake in the Denmark-based product tanker company, according to a notification to the US Securities and Exchange Commission (SEC).

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