Brookfield becomes controlling shareholder of TORM's major investor, Oaktree exits ownership.

TORM plc announced that Oaktree Capital Group no longer holds any shares or voting rights in TORM as of July 31, 2026, following a change in ownership of Njord Luxco. Brookfield Corporation has become the ultimate controlling shareholder of Njord Luxco, which continues to hold nearly 20.33 million Class A shares, representing 19.86% of TORM's total shares and voting rights. This shift means Brookfield now indirectly controls a significant stake in TORM, while Oaktree has exited its indirect ownership. The change could influence TORM's strategic direction given Brookfield's new controlling interest.