Torm chairman Flemming Ipsen says he has no concerns about working with Oaktree Capital Management should the private-equity heavyweight assume a majority stake in the company via a restructuring agreement outlined this week.
Oaktree is set to exchange ships for Torm shares as part of a second post-crash financial overhaul, the Danish owner revealed on Monday.
Oaktree has stakes in a number of shipping companies that are returning to financial health but the relationships have not always been straightforward.
