Deals
Maersk to Sell Supermarket Holding to Focus on Transport
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A.P. Moeller-Maersk A/S plans to sell stakes in supermarket and department-store units as the owner of the world’s largest container-shipping line divests assets that aren’t related to transport and energy.
Maersk rose to the highest in more than six years after saying it will sell a 48.68 percent holding in Dansk Supermarked A/S and 18.72 percent of F. Salling A/S to partners F. Salling Invest A/S and F. Salling Holding A/S. Maersk will book a gain of 14 billion kroner ($2.56 billion) out of proceeds of as much as 17 billion kroner, the Copenhagen-based company said today in a statement