Some very famous names in Danish business circles have clubbed together to form a new investment vehicle called More Ships.
Jim Hagemann Snabe, the chairman of AP Moller Maersk, is joined by Nils Smedegaard Andersen, the former Maersk CEO in the new venture. Also onboard is Ole Andersen, who currently chairs audio manufacturer Bang & Olufsen after eight years at the helm of Danske Bank, as well as ex-Nordea supremo Christian Clausen, who is also on the board of Singapore shipowning giant, BW. The founding quintet at More Ships is rounded off with Christian Frigast, the veteran chairman of Axcel, Denmark’s largest private equity fund.
The founding members remain tight lipped about the new venture.
Danish daily Finans noted: “There are very few companies in Denmark that can showcase such distinguished CVs that the people behind newly founded More Ships can boast.”