Clarksons Platou: Maersk can easily borrow USD 10 bln

Low debt and high gearing gives Maersk a significant opportunity to finance acquisitions at far better conditions than its competitors, according to the world's largest shipbroker.

A.P. Moeller-Maersk is overcapitalized and could easily borrow USD 10 billion, notes Clarksons Platou on the basis of of the shipping and oil group's Capital Markets Day last week in Copenhagen. According to the Oslo/London-based shipbroker and analyst agency, Maersk is well-placed to pursue the group's ambitions for growth and potential acquisitions. This applies to Maersk Oil, in particular, as the company is highlighted as the business unit most heavily focused on securing inorganic growth, i.e. mergers and acquisitions.

According to Maersk's own statements the prices remain too high, though Maersk Oil can afford to wait, said the group last week.

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