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TORM Says Oaktree Capital No Longer Holds Stake as Brookfield Assumes Control

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TORM (TRMD) said Oaktree Capital Group Holdings no longer indirectly holds any shares or voting rights in the company as of July 31, following a change in the ownership structure of OCM Njord Holdings.

Brookfield (BN) has become the ultimate controlling shareholder of Njord as part of the transaction, TORM said Friday in a statement.

Njord's direct stake in TORM remains unchanged at 20.4 million Class A shares, representing 19.86% of the total share capital and voting rights, TORM said.

Price: $29.47, Change: $-0.02, Percent Change: -0.07%

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