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Akin says it advises Oaktree on $290 million TORM share sale
Akin announced that it had advised Oaktree affiliate OCM Njord Holdings on a $290 million partial sale of its TORM stake. The firm said nine million Class A shares were sold through a registered secondary offering, leaving Oaktree with approximately 11% of the tanker company.
Key points
- Akin said the underwriter received a 30-day option for up to 1.35 million additional shares.Akin Gump Strauss Hauer & Feld
- The firm identified Harry Keegan and Rosa Testani as its lead partners.Akin Gump Strauss Hauer & Feld
- Akin said TORM was listed on Nasdaq in New York and Copenhagen.Akin Gump Strauss Hauer & Feld
- The announcement named Dougall Meston and Alex Reuss among the additional advisers.Akin Gump Strauss Hauer & Feld