A. P. Moller-Maersk aims for $4.94bn from bank sale

A. P. Moller-Maersk aims for $4.94bn from bank sale

Copenhagen: Denmark’s A. P. Moller-Maersk (APMM) has published details of its planned sale of its 20% stake in the country’s largest bank, Danske Bank.

If all the shares are sold, APMM said it expects gross proceeds to amount to $4.94bn.

The group said it would sell three quarters of its bank stock to its controlling shareholder, the Moller family foundation, and the remainder to other existing shareholders.

“The purpose of the offering is to divest APMM’s current ownership interest in Danske Bank in accordance with APMM’s continuing efforts to focus on its core activities,” the group said in a statement.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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