Torm’s former top shareholder heads for the exit

AI Summary

Brookfield-controlled OCM Njord is offering its remaining 6.17% stake in Danish product tanker owner Torm for sale. The secondary offering could end Njord’s investment position, which dates back to Torm’s 2015 restructuring.

Brookfield-controlled OCM Njord is looking to completely exit Torm, putting its remaining 6.17% stake in the Danish product tanker owner up for sale and potentially drawing a line under an ownership position dating back to Torm’s 2015 restructuring. Torm said late on Monday that Njord had launched a secondary public offering covering all 6,329,874 Class …