TORM (TRMD) said late Monday that OCM Njord, a company indirectly owned by funds managed by Oaktree Capital Management and its affiliates, launched a secondary offering of 6.3 million class A shares.
The company said OCM Njord owns about 6% of its class A shares before the offering.
TORM is not selling any shares and will not receive proceeds from the offering, the company said.
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