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ATP: Maersk should divest non-core business

One of the largest individual shareholders in Maersk, Danish ATP, believes that the Maersk group should be more consistent and divest non-core business activities, the pension fund said at its general assembly today.

A.P. Møller – Maersk should focus its business and divest activities that do not relate to its four core businesses; Maersk Line, Maersk Oil, Maersk Drilling and the port terminals APM Terminals, says one of the groups major shareholders, ATP.

The company has a complex and complicated structure and has currently has investments of more than 17.6 billion kroner outside of its core businesses. And the company currently has to business areas like Maersk Line and Maersk Oil that pose great managerial challenges,” Head of Equities in ATP, Claus Winblad, said at A.P. Møller – Maersk’s general assembly Thursday.

Michael Pram Rasmussen listed a range of companies and business areas that Maersk has gradually divested in later years.

“We have started that process and the timing is just right. It is an on-going process.”

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