Maersk to divest all its shares in Danske Bank

"Over a period we have been met with requests from shareholders to divest our shares in Danske Bank A/S," says Maersk chairman Michael Pram Rasmussen. The stake is currently worth around USD 5.3 billion.

Photo: Fotograf: Claus Boesen/MediaPress

BY OLE ANDERSEN

Published: 25.02.15 at 10:15

A.P. Moeller-Maersk will divest its stake - of around 20 percent- in Danske Bank. A.P. Møller Holding will acquire the stake, which is currently worth around USD 5.3 billion at the current rate of Danske Bank's shares.

"Over a period we have been met with requests from shareholders to divest our shares in Danske Bank A/S. With the undertaking from A.P. Møller Holding A/S such a sale is now possible and will at the same time secure a long-term Danish ownership of Danske Bank. In addition A.P. Moeller - Maersk can focus the resources on our core portfolio," says Maersk Group chairman Michael Pram Rasmussen.

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