BW Group Limited entered into a definitive agreement to acquire BTS Tanker Partners LLC from The Blackstone Group L.P. (NYSE:BX), Paul Hartmann AG (DB:PHH2) and Tufton Oceanic Finance Group on July 9, 2018. In a related transaction, BW Group Limited entered into a definitive agreement to acquire additional stake in Hafnia Tankers Ltd. from certain funds managed by The Blackstone Group L.P. Through the transactions, BW Group Limited will acquire additional 36.3% stake in Hafnia Tankers Ltd. and will own 43.5% stake upon completion.

BW Group Limited completed the acquisition of BTS Tanker Partners LLC from The Blackstone Group L.P. (NYSE:BX), Paul Hartmann AG (DB:PHH2) and Tufton Oceanic Finance Group in early July 2018.