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BW Group reverses position on Hafnia

An attempt by the second-largest product tanker owner in the world to raise $345m has fallen short, but Hafnia is still looking for fresh funds as it prepares to be traded on the Oslo Stock Exchange later this week. The company is trying a private placement again, at a lower share price and with a smaller target, while the parent company, BW Group, has abandoned plans to sell shares and has committed to buying more

Hafnia slashes offering target from $345m to between $230m and $287.5m, while BW Group scraps $25m share sale

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