Torm has initiated a structure process involving a series of external stakeholders, says the carrier in a brief to the stock exchange on Monday.
"As previously announced, TORM has initiated a process to address the Company’s long-term capital structure and has engaged a financial advisor (cf. company announcement no. 14 dated 15 August 2013). This work is now continuing to a stage, where TORM is carrying out a structured process involving a number of external stakeholders to further explore the possibilities for a strategic transaction during 2014," says Torm in the statement.