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News 2026-10-06 12:06 UTC

Torm shares dip 3.2% as Oaktree exits in $253.5 mln secondary offering

US-listed shares of product tanker operator Torm fell 3.2% in premarket trading after a secondary offering of approximately 6.3 million shares, managed by Oaktree Capital Management, priced at $40.05 per share for gross proceeds of about $253.5 million. Oaktree divested its remaining 6.2% stake in the company.