Torm MR sale to Oaktree affects full year expectations
Torm sells four MR product tankers to Oaktree. The sale results in significantly lower expectations for the full year, for a deficit of USD 165-175 million, compared to the previously expected deficit of USD 111-120 million.
BY KATRINE GRØNVALD RAUN
Torm has made a deal with private equity fund Oaktree to sell four MR product tankers, says the carrier in a brief to the stock exchange on Friday. One of Torm's banks has executed a specific option given to the bank as part of the restructuring agreement, according to the statement.
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