Maersk Group ditches investment banks

The Maersk Group is currently undergoing a process which could result in the conglomerate splitting up. And the group has opted to handle the task on its own without help from investment banks or outside consultants.

A.P. Møller-Mærsk vil ikke bruge investeringsbanker til de centrale dele af selskabets strategiske gennemgang. | Photo: Wärtsila

In relation to Nils Smedegaard Andersen's dismissal and the appointment of Søren Skou as Group CEO, the Maersk Group announced on June 23rd that the new executive team's first task would be to investigate whether or not the business should be split into independent units.

This is usually the type of news that spurs investment banks and consultant firms to come knocking to offer up their services, as the work in many ways resembles the process surrounding preparation for an IPO, an acquisition or a merger.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs