Copenhagen: AP Moller-Maersk’s strategy of offloading non-core assets and focusing on its main group sectors has seen it put its stake in offshore company Esvagt up for sale.
Danske Bank is handling the sale which is likely to raise DK4bn ($577m).
Offshore specialist Esvagt has a fleet of 40 vessels and employs approximately 800 employees.
AP Moller-Maersk owns 75% of Esvagt, while the remaining 25% is owned by, among others the former fisheries minister Kent Kirk, and a number of local Esbjerg business people who have resisted the sale.
AP Moller-Maersk has been selling a number of stakes in firms that are not core parts of the shipping line’s business, including the recent offload of a 20% stake in Dankse Bank.
