Sanyo Hellas Buys Stake In Torm

Greek holding group Sanyo Hellas has acquired a 16.5 percent equity stake in Danish shipping firm Torm. The transaction was completed on April 17 on the Copenhagen bourse. The transaction amount was not disclosed.

Torm, founded in 1889 and headquartered in Copenhagen, manages a fleet of about 80 ships. It owns 24 of these, including 16 tankers and two offshore oil-drilling platforms in the North Sea.