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Maersk initiates DKK 10 billion share buy-back program

A.P. Møller-Maersk's share buy-back program commences Dec. 1 and is set to run for 15 months.

Photo: Jens Hartmann Schmidt

A.P. Møller-Maersk is headed to the market to buy back its own shares for a value of up to DKK 10 billion (USD 1.6 billion) and a maximum of 1.79 million shares to be acquired over the next 15 months, the company informed Monday evening.

The group announced its plans to launch a share buy-back program in connection with the publication of its interim report for the third quarter on Nov. 18 - and Maersk now informs that it will launch the program starting Dec. 1.

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