Hafnia Limited Agrees to Acquire Additional TORM Shares

Hafnia Limited Agrees to Acquire Additional 4.5 Million TORM Shares

September 16, 2026

Transportation

Hafnia Limited has agreed to acquire 4,500,000 A shares of TORM plc at USD 32.25 per share. The acquisition represents 4.39% of TORM’s issued share capital and would increase Hafnia’s ownership to approximately 18.22% upon completion.

Hafnia Limited Acquires 13.97% Stake in TORM plc from Oaktree Capital Management

December 22, 2025

Transportation

Hafnia Limited completed its acquisition of approximately 14.1 million A-shares of TORM plc, representing about 13.97% of TORM’s issued share capital. The shares were purchased from Oaktree Capital Management, L.P. and its affiliates after all conditions precedent were satisfied under a share purchase agreement.

Horizon Air Freight Acquires Transmarine Navigation Corporation

December 31, 2022

Transportation

Horizon Air Freight announced the acquisition of Transmarine Navigation Corporation, completed in Q4 2022, to expand its port agency and in-port logistics capabilities across North and South America. The deal combines Horizon’s global warehousing and last-mile delivery network with Transmarine’s port call agency presence at 12 ports, enhancing services for ship owners, operators, and charters.

Hafslund Eco, Infranode and HitecVision Acquire Fortum Oslo Varme (Hafslund Oslo Celsio)

March 22, 2022

Energy

A consortium of Hafslund Eco, Infranode and HitecVision has completed the acquisition of Fortum Oslo Varme, which will be renamed Hafslund Oslo Celsio. Hafslund Eco holds a 60% majority stake while Infranode and HitecVision hold 20% each; the partnership plans ~NOK 10 billion of investments including NOK 1.4 billion for a CCS project at the Klemetsrud waste-to-energy plant and major district cooling investments.

National Timber Group Acquires Hymor Timber

March 3, 2021

Building Products

National Timber Group, a portfolio company of Cairngorm Capital, has acquired Hymor Timber Limited, an independent timber merchant based in Stoke-on-Trent. The add-on expands NTG's geographic coverage and hardwood capability in the Midlands and North West and was driven by the sellers' succession planning.

EQT Infrastructure V (via HATI BidCo AS) launches offer to acquire Torghatten ASA

December 23, 2020

Transportation

EQT Infrastructure V, through its offer vehicle HATI BidCo AS, launched a voluntary cash offer to acquire all outstanding shares in Torghatten ASA (excluding the airline segment). The offer is NOK 175 in cash per share plus a planned distribution of Flyco (Widerøe) shares valued at NOK 17 per Torghatten share (total implied value NOK 192 per share); Torghatten’s board has unanimously recommended acceptance and the transaction values Torghatten equity at approximately NOK 8,580 million.