COMPLETION OF THE ACQUISITION OF 50 % OF FR8
10 March 2008
On 24 January 2008 A/S Dampskibsselskabet TORM (TORM) announced that TORM had acquired 50 %
of FR8 Holdings Pte. Ltd. (FR8), a subsidiary of the international oil trader Projector S.A.
The transaction has now been approved by all relevant competition authorities and the completion of the
acquisition of 50 % of FR8 occurred today Monday, 10 March 2008, where the share certificates
corresponding to 50 % of FR8 were transferred to TORM. Projector S.A. will continue to control the
remaining 50 % of the shares in FR8.
About TORM
TORM is one of the world's leading carriers of refined oil products as well as being a significant participant in the dry bulk market. The
Company operates a combined fleet of more than 130 modern vessels, principally through a pooling cooperation with other respected
shipping companies who share TORM's commitment to safety, environmental responsibility and customer service.
TORM was founded in 1889. The Company conducts business worldwide and is headquartered in Copenhagen, Denmark. TORM’s
shares are listed on the Copenhagen Stock Exchange (ticker TORM) as well as on the NASDAQ (ticker TRMD). For further information,
please visit www.torm.com.
TORM, press release
|