Brief: Torm Buys Eight MR Product Tankers From Team Tankers

Torm

01/03/2021 07:18

March 1 (Reuters) - Torm PLC  TRMD.O :
    * REG-TORM PURCHASES EIGHT MR PRODUCT TANKERS WITH CHEMICAL
TRADING CAPABILITIES FROM TEAM TANKERS IN A PARTLY SHARE-BASED
TRANSACTION
    * HAS TODAY ENTERED INTO AN AGREEMENT TO PURCHASE EIGHT
2007-2012
BUILT MR PRODUCT TANKER VESSELS FROM TEAM TANKERS DEEP SEA LTD
    * PURCHASE AT TOTAL CASH CONSIDERATION OF USD 82.5M AND
ISSUANCE
OF 5.97 MILLION SHARES
    * TRANSACTION WILL INCREASE TORM'S TOTAL FLEET TO 83 VESSELS
ON A
FULLY DELIVERED BASIS
    * VESSELS ARE SCHEDULED TO BE DELIVERED DURING SECOND AND Q3
OF
2021
    * MARKET VALUE OF ACQUIRED VESSELS IS ASSESSED AT USD 148M

Source text for Eikon:  ID:nGNE8nNnd8 
Further company coverage:  TRMD.O 

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